watch time: 28 minutes
Financial services startup, or fintech, are innovating across broad categories — in core banking, new financial services (both ones that banks traditional provided, but also ones they don’t), insurance, and investing. So what’s driving this change? And how do these startups successfully attack and compete with the big incumbent entities? What makes it possible — from new data sources that can provide more information on lending risk to being unencumbered by old legacy infrastructures?
In this talk, recorded earlier this year in London, a16z general partner Alex Rampell considers all the types of innovation in financial services, and how the market is expanding.