Another interesting disruption in the financial area. This week we take a look at currency exchange rates. Traditionally we’ve all arrived into a foreign airport and accepted the horrible exchange rates at the exchange kiosks, or perhaps we’ve gone downtown and bought Traveller’s cheques before departing, or some cash, or perhaps loaded up a currency card from one of the …
Disruption in the Professional Services sector…
The (On-Demand) Professional Services Experts are coming!!! If you’ve been thinking you have time to develop your skill set as your compliance revenue streams dry up then it might be time to think again. That space is already being filled. Any sector that has fixed assets/resources is likely to suffer from disruption. This week we look at the disruption by …
The Fintech’s are coming… And how it will impact you…
In our blog 17 March we mentioned the PWC report “How Fintech is shaping financial services”. We’re now seeing more press on how the Australian government is committed to support the industry that is “transforming our financial systems and our economy”. Fintech is one of the fastest growing sectors in the financial services industry globally and Australia. Fintech is happening fast …
Fintech: (Re)Shaping Financial Services
PWC have just released their Global FinTech report dated March 2016 titled “Blurred Lines: How FintTech is shaping Financial Services” In the report they note that more than 20% of Financial Services business is at risk to FinTechs by 2020, and 57% are unsure about or unlikely to respond to blockchain technology. Interestingly another word accountants are familiar with is …
