{"id":909,"date":"2016-02-15T10:16:47","date_gmt":"2016-02-15T09:16:47","guid":{"rendered":"http:\/\/bicon.li\/?p=909"},"modified":"2026-03-12T21:49:31","modified_gmt":"2026-03-12T20:49:31","slug":"the-future-stars-of-fintech","status":"publish","type":"post","link":"https:\/\/bicon.li\/en\/2016\/02\/15\/the-future-stars-of-fintech\/","title":{"rendered":"The Future Stars of Fintech"},"content":{"rendered":"

In search for a comprehensive framework to classify the Fintech Universe, which does not simply show a grouping of nice logos, I ended up with the classic 2x2 diagram. First let me explain the two dimensions for clustering:<\/p>\n\n\n\n

Added Efficiency and Automation<\/h2>\n\n\n\n

The x-axis \u200eis specified as the added efficiency and automation with which a Fintech has implemented its offering. By this I do not mean mainly the state of the art front end the client is facing (this is a must for any Fintech), but the whole process in a straight through processing (STP) view. This means in consequence the higher a Fintech offering is in this dimension, the easier it is scalable.<\/p>\n\n\n\n

Added Product\/Service Novelty<\/h2>\n\n\n\n

The y-axis is defined as added the product\/service novelty a Fintech is offering. A completely new financial product would score here, but also innovative ways of bringing together parties in the financial sector. Therefore internet trends like collaboration and social media come here also into play.<\/p>\n\n\n\n

The Resulting 4 clusters are shown in the diagram<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Convenience Providers<\/h2>\n\n\n\n

In the lower left we find the providers which neither add significant efficiency nor novelty to the old-established financial products or services, but add a convenience factor and\/or user experience. A prominent example would be Apple Pay which uses the classical credit card processing, but only the phone (which you anyhow have almost always with you) is needed to make a payment. In other words you can leave your plastic card at home. Arguably this is only a small step for mankind, but definitely quite handy for your day to day payments.<\/p>\n\n\n\n

If a payment service is not built on top of an existing infrastructure like credit cards, it will be placed obviously in the next quadrant to the right.<\/p>\n\n\n\n

Scalable Margin Fighters<\/h2>\n\n\n\n

The next to the right is the area where existing financial products or services are becoming more automated through the usage of the latest technology, often in combination with a green field approach. Personal communication is mostly replaced with online applications.<\/p>\n\n\n\n

A typical business model here is digital wealth management or robo-advising<\/a> to use Fintech jargon (e.g. betterment.com<\/a> or wealthfront.com<\/a>). To allocate the clients funds into an efficient and risk adjusted asset allocation is certainly nothing new, neither is the cheap and efficient implementation with exchange traded funds (ETFs). But to do it solely online with an intuitive user interface and a full automation of the entire process, including smart rebalancing of the portfolio, is definitely quite an innovation in terms of efficiency.<\/p>\n\n\n\n

Due to the high grade of automation, the offerings in this cluster are quite easy to copy and consequently pricing is the main differentiator in this cluster. A company which is a stark example for this trend is robinhood.com<\/a> which offers trading in US stocks and ETFs for free.<\/p>\n\n\n\n

Furthermore companies which are using the blockchain technology to make e.g. payments and settlement processes faster and cheaper belong also to this cluster.<\/p>\n\n\n\n

In consequence this will be in the future a playing field for cutting edge tech companies with an according big client base.<\/p>\n\n\n\n

Trend Setters<\/h2>\n\n\n\n

The top left cluster is less about process automation and more about new products and services. The companies here do not cover the whole value chain, but use latest technology for product development and\/or new ways of interaction and communication in the financial world.<\/p>\n\n\n\n

A first example is quantopian.com<\/a> where the user is given an online investment algorithm coding environment. The developed and submitted algorithms take part in a competition and the best ones will be included in a hedge fund, whereas the coder gets a performance fee. This crowd based algorithmic hedge fund is quite a financial product novelty.<\/p>\n\n\n\n

Social trading to use Fintech jargon again is one of the fields to discuss here (social stands here for the communication approach and not that the investments are funnelled into socially responsible companies or the like).<\/p>\n\n\n\n

The idea of social trading in general is, that everybody (they are called traders) can publish their investment ideas e.g. as a virtual portfolio. The portfolio\/trades will be measured performance and sometimes also risk wise, and anyone can participate. Obviously a performance fee is a motivation for the trader\/asset manager. The participation is done in several ways like issuance of an investment certificate which replicates the trader's portfolio (e.g. wikifolio.com<\/a>), or mirroring the trades of the trader in a brokerage account (e.g. copyop.com<\/a>). But they all have in common that it is not done on the social trading platform itself, therefore they are only the first link of the chain. There are also platforms which focus on social networking only, without any replication or mirroring of the trades. The novelty in social trading is the way investors and traders\/asset managers interact and not the investing itself.<\/p>\n\n\n\n

All kinds of peer to peer lending (e.g. lendingclub.com) <\/a>are in my point of view also allocated here, despite the fact that lending from one person to another is presumably as old as money itself. Why I include them here is, that bringing together lenders and borrowers directly, without middleman and via the internet and without personal contact, is quite a novelty. If the process of determining credit risks and bundling of credits is also highly automated, the offering will gain also on the x-axis towards the fourth quadrant. I personally see here quite some potential for severe risks and it has to be proved to what extent credit risk management can be fully automated. Only the future (or the next downturn) will tell\u2026<\/p>\n\n\n\n

Fintech Stars<\/h2>\n\n\n\n

Finally the quadrant aimed for (as in any of those diagrams) is the one which combines the efficiency with the novelty.<\/p>\n\n\n\n

To find adequate examples is not so easy here. Nevertheless there can be found cooperation between the companies of the Trend Setters and the Scalable Margin Fighters cluster. Social investing platforms channel their stock trades to robinhood and try therefore to optimize the whole value chain. This can be seen as a first taste of the Fintech future.<\/p>\n\n\n\n

The Bitcoin virtual currency with its underlying blockchain technology could also be seen an example for the fourth cluster as it is certainly quite an innovation on the product and on the technical side and the automation is full scale.<\/p>\n\n\n\n

As a summary in my point of view the products, services and business models which will be able to combine automation and novelty will be the bright stars of the Fintech future.<\/p><\/blockquote>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

In search for a comprehensive framework to classify the Fintech ... <\/p>\n

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Ritter","author_link":"https:\/\/bicon.li\/en\/author\/wm\/"},"featured_img":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=600%2C375&ssl=1","jetpack_featured_media_url":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=2560%2C1600&ssl=1","uagb_featured_image_src":{"full":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=2560%2C1600&ssl=1",2560,1600,false],"thumbnail":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=600%2C375&ssl=1",600,375,true],"medium_large":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=768%2C480&ssl=1",768,480,true],"large":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=1024%2C640&ssl=1",1024,640,true],"1536x1536":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=1536%2C960&ssl=1",1536,960,true],"2048x2048":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=2048%2C1280&ssl=1",2048,1280,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/FintechStars.jpg?fit=18%2C12&ssl=1",18,12,true]},"uagb_author_info":{"display_name":"Volkmar Ritter","author_link":"https:\/\/bicon.li\/en\/author\/wm\/"},"uagb_comment_info":0,"uagb_excerpt":"In search for a comprehensive framework to classify the Fintech ... Artikel lesen","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/bicon.li\/en\/category\/blockchain\/\" class=\"advgb-post-tax-term\">Blockchain<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/digitaltransformation\/\" class=\"advgb-post-tax-term\">Digitale Transformation<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/fintech\/\" class=\"advgb-post-tax-term\">FinTech<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/innovation\/\" class=\"advgb-post-tax-term\">Innovation<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/robo-advising\/\" class=\"advgb-post-tax-term\">Robo Advising<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">Strategie & Zukunft<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/wealthtech\/\" class=\"advgb-post-tax-term\">WealthTech<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Blockchain<\/span>","<span class=\"advgb-post-tax-term\">Digitale Transformation<\/span>","<span class=\"advgb-post-tax-term\">FinTech<\/span>","<span class=\"advgb-post-tax-term\">Innovation<\/span>","<span class=\"advgb-post-tax-term\">Robo Advising<\/span>","<span class=\"advgb-post-tax-term\">Strategie & Zukunft<\/span>","<span class=\"advgb-post-tax-term\">WealthTech<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/bicon.li\/en\/category\/wealthtech\/\" class=\"advgb-post-tax-term\">English<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">English<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 10 years ago","modified":"Updated 4 months ago"},"absolute_dates":{"created":"Posted on 2016-02-15","modified":"Updated on 2026-03-12"},"absolute_dates_time":{"created":"Posted on 2016-02-15 10:16","modified":"Updated on 2026-03-12 21:49"},"featured_img_caption":"","series_order":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9UXv9-eF","jetpack-related-posts":[{"id":681,"url":"https:\/\/bicon.li\/en\/2015\/12\/08\/margins-in-digital-banking\/","url_meta":{"origin":909,"position":0},"title":"Margins and Differentiation in Digital Banking \/ FinTech","author":"Volkmar Ritter","date":"2015-12-08","format":false,"excerpt":"The rise of FinTech companies has reshaped the financial services landscape, challenging traditional bricks-and-mortar banks by leveraging technology to deliver more efficient and automated services. However, there are both opportunities and constraints in the pursuit of competitive advantage in this sector. This article examines key factors influencing FinTechs\u2019 competitive dynamics,\u2026","rel":"","context":"In "Digitale Transformation"","block_context":{"text":"Digitale Transformation","link":"https:\/\/bicon.li\/en\/category\/digitaltransformation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/13-e1612345306624.jpg?fit=1200%2C825&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/13-e1612345306624.jpg?fit=1200%2C825&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/13-e1612345306624.jpg?fit=1200%2C825&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/13-e1612345306624.jpg?fit=1200%2C825&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/13-e1612345306624.jpg?fit=1200%2C825&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":898,"url":"https:\/\/bicon.li\/en\/2016\/01\/12\/buzzification-of-fintech\/","url_meta":{"origin":909,"position":1},"title":"Buzzification of FinTech","author":"Volkmar Ritter","date":"2016-01-12","format":false,"excerpt":"The technology and IT sector thrives on buzzwords, shorthand concepts that capture complex ideas with simplicity and marketability. Terms like Business Process Engineering, Client Relationship Management, Knowledge Management, and the Cloud have all enjoyed their time in the spotlight. These concepts share several characteristics: they were inherently sound ideas, not\u2026","rel":"","context":"In "FinTech"","block_context":{"text":"FinTech","link":"https:\/\/bicon.li\/en\/category\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/2015-12-22-16.48.13-e1477516190750.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/2015-12-22-16.48.13-e1477516190750.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/2015-12-22-16.48.13-e1477516190750.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/2015-12-22-16.48.13-e1477516190750.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2016\/02\/2015-12-22-16.48.13-e1477516190750.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7161,"url":"https:\/\/bicon.li\/en\/2025\/11\/24\/the-silent-margin-shift\/","url_meta":{"origin":909,"position":2},"title":"ETFs and the Silent Margin Shift","author":"Volkmar Ritter","date":"2025-11-24","format":false,"excerpt":"How ETFs Became the Most Successful FinTech Innovation \u2013 and Quietly Reshaped Private Banking Over the past 25 years, few financial innovations have reshaped the asset- and wealth-management industry as profoundly \u2013 and as quietly \u2013 as the Exchange Traded Fund. While today\u2019s headlines revolve around tokenization, AI agents, and\u2026","rel":"","context":"In "Asset Management"","block_context":{"text":"Asset Management","link":"https:\/\/bicon.li\/en\/category\/assetmanagement\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/11\/ETF-FinTech.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/11\/ETF-FinTech.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/11\/ETF-FinTech.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/11\/ETF-FinTech.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/11\/ETF-FinTech.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6433,"url":"https:\/\/bicon.li\/en\/2023\/09\/12\/the-evolution-of-banking-from-digitization-to-digital-transformation\/","url_meta":{"origin":909,"position":3},"title":"The Evolution of Banking (Part I): From Digitization to Digital Transformation","author":"Volkmar Ritter","date":"2023-09-12","format":false,"excerpt":"The progression from the digitization of analogue information to the comprehensive digital transformation marks a revolutionary shift in the banking sector. This article (first part of a series) explores this journey, focusing on pivotal moments that led from the mere conversion of physical records into digital formats to a profound,\u2026","rel":"","context":"In "Digitale Transformation"","block_context":{"text":"Digitale Transformation","link":"https:\/\/bicon.li\/en\/category\/digitaltransformation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2023\/11\/Digital-Evolution-in-Banking.webp?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2023\/11\/Digital-Evolution-in-Banking.webp?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2023\/11\/Digital-Evolution-in-Banking.webp?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2023\/11\/Digital-Evolution-in-Banking.webp?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2023\/11\/Digital-Evolution-in-Banking.webp?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":777,"url":"https:\/\/bicon.li\/en\/2015\/10\/15\/what-makes-a-bank-digital\/","url_meta":{"origin":909,"position":4},"title":"Different Shades of Grey in Digital Banking","author":"Volkmar Ritter","date":"2015-10-15","format":false,"excerpt":"Digitalisation in Banking: The Shift Toward a Fully Digital Future The concept of digitalisation became a prominent force in the financial industry by 2015, signaling a paradigm shift in how banks operate and serve their clients. Digitalisation, however, is more than adopting technology - it represents a fundamental transformation in\u2026","rel":"","context":"In "Client Management"","block_context":{"text":"Client Management","link":"https:\/\/bicon.li\/en\/category\/clientmanagement\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/11\/PerformanceSmall.jpg?fit=945%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/11\/PerformanceSmall.jpg?fit=945%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/11\/PerformanceSmall.jpg?fit=945%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/11\/PerformanceSmall.jpg?fit=945%2C630&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4131,"url":"https:\/\/bicon.li\/en\/2022\/01\/11\/blockchain-and-wealth-management\/","url_meta":{"origin":909,"position":5},"title":"Centro Law Expert Guest Series: Blockchain and Wealth Management","author":"Volkmar Ritter","date":"2022-01-11","format":false,"excerpt":"What to expect from blockchain applications when it comes to wealth management? Will Blockchain Technology disrupt Wealth Management? So far, the wealth management industry has primarily escaped disruption by blockchain technology. Presumably, challenges in scalability, regulatory uncertainty, and a cautious new technology adoption approach are some reasons. Meanwhile, wealth owners\u2026","rel":"","context":"In "BICon News"","block_context":{"text":"BICon News","link":"https:\/\/bicon.li\/en\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/01\/WM-blockchain.jpg?fit=1200%2C591&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/01\/WM-blockchain.jpg?fit=1200%2C591&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/01\/WM-blockchain.jpg?fit=1200%2C591&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/01\/WM-blockchain.jpg?fit=1200%2C591&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/01\/WM-blockchain.jpg?fit=1200%2C591&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"publishpress_future_action":{"enabled":false,"date":"2026-07-10 22:34:49","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts\/909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/comments?post=909"}],"version-history":[{"count":0,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts\/909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/media\/910"}],"wp:attachment":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/media?parent=909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/categories?post=909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/tags?post=909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}