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Innovation

Innovation

2015 was arguably the year of financial technology - digital ways of delivering financial services offering a faster, more convenient and more useful experience to customers by combining platforms, channels and technology. Terms such as Unicorn, Blockchain, APIs and Accelerators became part of everyday conversation, companies such as TransferWise in the UK and OnDeck in the US began to eat into mainstream markets such as remittances and lending and capital rushed to embrace the investment opportunity offered by start-ups attempting digital disruption of financial services. For example, the UK, according to figures from London and Partners, had attracted $554 million of fintech investment by September 2015, compared to $487 million for the whole of 2014.