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  5. Financial Technology Startups: Giving Banks a Run for Their Money

Financial Technology Startups: Giving Banks a Run for Their Money

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18 June 2009
Jacob Jegher
At the end of April I had the opportunity to attend Finovate Startup in San Francisco. I already blogged about my experience the day after returning. I also decided to writeup a report on financial technology startups - that report will be coming out next week. I decided to produce the report because much of the competition (to banks) and innovation in the financial services sector is coming from non-banks. The report singles out the innovative startups that Celent believes will have an impact on the banking space and/or the consumer market (many of these startups bypass the bank channel and market their products directly to consumers). Celent has selected the following companies to profile in this report: I am curious to hear your comments on these firms as well as your thoughts on innovation in the banking industry. Please feel free to post your comments and interact!

Comments

  • While I cannot offer any remarks on the firms you give in your blog, I can tell you the reason they are popping up everywhere and some may be very successful is there is no innovation by the banking industry's controlling core vendors; unless you want to include innovative legal sales contracts the lawyers can write.

    Great topic, but innovation in the banking industry is not in the English dictionary, yet…

    Happy Father's Day!

  • [...] My first experience with Strands’ moneyStrands product was at the Finovate Startup conference in late April (see blog entry). [...]