Topic: [BOUNTY]CRWD Network - BOUNTY Program CRWD Token [BOUNTY] - page 7. (Read 5825 times)

Fintech Trends or Future of Fintech
By Dusica Lukac
July 18, 2018
Blockchain

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I was staring at this blank piece of paper and I was thinking, “What an ambitious title for a blog.” However, 2017 and 2018 were so busy and transformative for financial services, I feel another blog on this topic will not hurt. Before I start, I want to address important comments from all the naysayers. People do not like change in the essence. To a certain degree, I have to agree with this fact; but we always forget that today, we are building companies and tech solutions to be used by tech-savvy, young, new generations that are slowly stepping into the scene and carrying the legacy of inheritance of the baby boomers; and here, we are talking about serious trillions of dollars. That is why the financial services are going to change inevitably. Even today, we can see the discrepancy between the clients who prefer online advice – a staggering 60% per EY research of 2016, and those working in financial services that prefer face-to-face interaction - 66%. Both clients and service providers agree that execution should be digital – more than 70%.

With all this in mind, I have to say that users warming up to technology are pushing financial service companies deeper into Fintech’s territory. I strongly believe that financial service providers of today and tomorrow are technology companies, per se. Customer pull with lower fees, better user-experience and performance combined with regulatory changes — like GDPR, MiFiD – and higher transparency of fee structure. All this is inevitably drawing us closer towards the technology push, including but not limited to: Platformization of the services, Robo-advisory, and two stars of the new Fintech trends: Blockchain and AI.

The new technologies changing the face of the financial services and being integrated by Fintechs are:
Blockchain technology,

famous for its peer-to-peer currencies, came into the focus of financial service companies some time ago due to a long list of business benefits. These benefits are too long to be summed up here and do not only include cost savings, but the efficient and lean processes, immutability of records, built-in cryptography for secure transactions and tamper-proof transfer of value, and also, the automation of processes and validation. Blockchain moved a bar from the Internet of information to the Internet of value.
Artificial Intelligence (AI)

is another technology that is bringing enormous change to financial services and is defining clear Fintech trends. The advanced AI technology helps us automate existing processes — something I am sorry we did not have while I was building my decades-long career in financial services. The technology that automates mundane, repetitive, error-prone processes would have saved me many headaches and made back-office processes seamless, in return, making clients’ lives easier, too. Due to multiple levels of added value, AI is seen as even more transformative for financial services than blockchain.
Platforms

are the next big Fintech trend or even the current, big trend. I cannot leave them out, as they are bringing new angles to the term “financial services.” And I have to be honest, that’s to my satisfaction. Let me mention here only: Yu’e Bao Alibaba’s asset management arm is the world’s biggest money market fund with US$ 50 billion of assets under management bigger than the second one - JP Morgan. Almost all significant platforms now offer financial services of some kind: from payments to wealth management, such as for example, Chinese WeChat.

There are many growing, new technologies, like Internet of Things (IoT), virtual or augmented reality (AR or VR), etc., that will find their way into Fintechs’ world in the near future. Many new trends are clearly growing, thanks to the push from customers, competitors and regulators. Markets seem to be ripe for the shift and deep change.

An important change in the world of finance that is fuelling new blockchain or blockchain & AI ventures is a new form of crowd investing – using blockchain and enabling peer-to-peer investing – is popularly called Initial Coin Offering or Initial Token Offering (ICO or ITO) which mimics the Initial Public Offering (IPO). Apart from cutting out the proverbial middleman, bank or arranger of the funding, the ICO brought a novelty in the investor’s ownership, or even new asset class. In the case of the ICO, the investor actually owns a token that is funding product development, but does not own the part of the company which is developing the product. This was a major shift in the field of financial services offered in this area. As the ICO market matures, the shift towards so-called security token offering, or STO, is significant. Depending on how the security token is structured, the offering can continue circumventing the investment in the management company of the product.
The latest Fintech trends

To sum up, let me mention a few trends that we have identified as the latest Fintech trends:

    Digitalization is still key.
    New technologies, such as blockchain and AI, are increasing efficiency of the systems as well as number of choices for the end users and are inevitable.
    Higher automation means lower costs and more affordable financial services, and has to be implemented.
    A movement from mass adoption towards profitability is expected.
    The new forms of peer-to-peer and crowd-funding services are emerging, and there is a strong place for them in the market.
    However, all Fintech participants share the end-goal: a seamless, affordable and comfortable user experience; and they will do everything to achieve this.



I support Conda CRWD Network token sale. If you want to benefit from the pre-sale favorable conditions be so kind to purchase tokens directly by clicking on this LINK or send me an E-Mail for more details.

Why have I decided to join CONDA’s CRWD Network?
By Dusica Lucac
July 18, 2018
CRWD Network


I have spent most of my career in financial services. I rode the banking wave of the 90s and 2000s. I also saw the same industry slowly die in our hands by becoming a huge, inefficient system of bureaucrats. Well, it was good while it lasted, but that also taught me a valuable lesson. If market players do not develop and evolve with the market, they will become obsolete. Market change and progress cannot be stopped, ever. Only those who recognize change and add value will, in the long run, survive and thrive.

After only-so-many structured deals, equity, debt and convertibles, it was absolutely natural that something new and interesting, like ICO (initial coin offering), would draw my attention. I have no shame in admitting that it was love at first sight. I loved the dynamics, the shift from the old paradigm, and the fresh air that came with bringing decision-making closer to those who actually own the money. On the other hand, my entrepreneurial side could not believe the amazing way to help great tech ideas grow from 0 to series B in one stroke. It all looked like a win-win situation.

However, the weakest link in the blockchain world, the human link, has proven to be a challenge again. All sorts of people were attracted to officially unregulated space. Many good players tried to bring in self-regulations and succeeded, but the space remained to be perceived as generally unregulated. At the same time, some individuals used this amazing new form of financing for their own ill-gotten gains. We have all witnessed the pump-and-dump game that exploded around January. Sure, the regulators woke up and started coordinating this space; but still, the hype of the ICO market was still there. This was damaging for the industry, and at the same time, such an amazing breakthrough of a financial instrument in its infancy. The ICOs suddenly shifted from tech to the marketing and PR side. Don’t get me wrong; I do appreciate good marketing and PR. How else would anyone hear about one’s product, if there were no good marketing? But still, the marketing experts and whole ecosystem were driving the cost of the ICO beyond the reach of those for whom it was invented. Should I mention the legal costs as well? On the other hand, you do want to do your homework and check all legal angles. In the end, no one wants to spend the rest of their days in jail. “Startupy” office sounds much better than jail, doesn’t it? Should I mention the cost of the various advisors, rating experts, listings, Ryan Gosling-developers, and so on and so forth?

At one moment, while being approached by hundreds of potential upcoming ICOs, I wondered how it’s possible for a young and smart team with good tech solutions to do an ICO. The initial investment seemed to be skyrocketing, and it is not going down with the rise of the security token, on the contrary. I have met dedicated teams with great ideas, and high ethical standards that would prefer to get step-by-step funding in order to raise funds for the growth phase. That sounds so logical; but sometimes, it seems an almost impossible idea with the way the ICO market has been shaping up.

And then, I met Daniel Horak from CONDA. CONDA is a successful crowd-investing platform that deployed more than EUR 20 m, and helped several-hundred companies fundraise in its five years of existence. Impressive, isn’t it? Daniel introduced me to the CRWD Network concept, and I loved it from day one. That’s exactly what was missing in the current market development phase!

CONDA has already developed a protocol that will enable the teams with great ideas to issue security tokens in an absolutely regulated and friendly environment. To add to the value, the CRWD Network also developed an ecosystem that will validate all participants: from token issuers, service providers to investors. It will be easy to reach good, quality service providers of all forms to power your ICO. And on top of everything, while the crowd sale of CRWD Network is in preparation, Daniel and his cofounder, Paul — together with the whole team – are getting all relevant licenses and regulatory approvals which may be needed.

CRWD Network is your gateway to fundraising at your own speed, and with all the help you might need, to make that great idea come true. You will do all that in a regulated and compliant-friendly environment with vetted peer projects and an approved investor’s network. To me, this seems attractive, not just to the companies, but also the investors. It removes many problems blockchain ventures are facing with the cacophony existing in the market now.

Now, you can see why I could not wait to join the team that is bringing something so needed to this new world. Going back to my start, CONDA team has recognised the trend and decided to move, grow and develop while helping others do the same. I have no doubt they will thrive!

I support Conda CRWD Network token sale. If you want to benefit from the pre-sale favorable conditions be so kind to purchase tokens directly by clicking on this LINK or send me an E-Mail for more details.