11 Jun '13, 4am

Finance 2.0 will democratize the industry and bring more power to clients

Finance 2.0 will democratize the industry and bring more power to clients June 11, 2013 by Guest Contributor The Internet revolution has changed the economy to an extent rarely seen throughout history. Barriers to new business models are lower than before, resulting in numerous innovations and new startups. Although the financial industry is a few years behind, some fundamental adjustments will soon change the existing value chains. This megatrend has only just begun and will define the financial industry in the near future. The democratization of the financial industry As seen in other industries, the changes triggered by the digital revolution are causing a “democratization” of the traditional business world. In the finance industry, interactions are no longer just happening directly between financial institutions and clients but, increasingly, between clients themselves...

Full article: http://sgentrepreneurs.com/2013/06/11/next-generation-fin...

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