![\"agence](\"http:\/\/www.www.innovationiseverywhere.com\/wp-content\/uploads\/2015\/08\/agence-tesla-fintech-in-asia-mohan-belani-ned-phillips-simon-cant-innovation-philippines-millennials1--316x350.jpg\")
<\/p>\n<\/p>\n
<\/p>\n
Fintech in Asia is getting hotter and hotter<\/strong>, as Mohan Belani<\/a> from e27<\/a> shared during \u00a0the Break conference in Bali<\/a>, \u201con our tech blog, articles discussing fintech are always \u00a0the most shared\u201d<\/em>.<\/p>\n Ned Philips<\/a>, a veteran from E-Trade<\/a> and is now with 8securities<\/a>, jokes, \u201cWe needed 3 licenses just to operate in Singapore<\/strong> and every time I was asked if I was about to \u00a0bring the financial system down and branding one of our products Darkpool was \u00a0sufficient to require two additional licenses\u201d.<\/em><\/p>\n One of the panel was dedicated to fintech, so we\u2019re taking this opportunity to wrap it up and share the views of experts on stage such as Simon Cant<\/a>\u00a0 from Reinventure groupe<\/a> or Ned Phillips<\/a>,\u00a0director of 8securities<\/a> who previously managed E-Trade<\/a> for Asia.<\/p>\n Another panelist added that \u201cit\u2019s not like Twitter or Snapchat, you cannot fuck around regulators, fines are in billion dollars directly<\/strong>\u201d<\/em>.<\/p>\n Out of the dedicated panel we have attended, the key points are:<\/p>\n A great insight came from the analysis of two opposite age groups by panelists.<\/strong><\/p>\n On one side, Millennials<\/strong>, born between 1980 and 2000s, whose relationship with money and trust is far from the standards of the banking world.<\/strong> They tend to favour experience over ownership and are going to disrupt the workplace and good old salary<\/a>.<\/p>\n On the other side, elderly<\/strong> are often an educated, tech-savvy, wealthy crowd<\/strong> with time to scout offers, diligent, browse the web for answers.<\/p>\n Of course, no fintech panel cannot be comprehensive without at least one question on bitcoins<\/strong>, although these days, it\u2019s not so much on the value than on the underlying technology infrastructure.<\/strong><\/p>\n Banks have an allergic reaction to it<\/strong>, and the bad vibes around bitcoin<\/a>, such as the dark web portals, don\u2019t help them to understand it better.<\/p>\n \u201cBitcoin is intellectually challenging<\/strong>, it has no legitimacy in the banking world, and adoption is really tough\u201d<\/em>, says a panelist.<\/p>\n Solutions can come from emerging markets,<\/strong> where the banking infrastructure adds to the \u201cprice of poverty\u201d<\/strong> as we had seen with several bitcoin startups<\/a> from the Philippines.<\/p>\n It\u2019s exciting to be in Asia as well where remittances are so high and innovation is a necessity to kill costs and release the value of people\u2019s work.<\/p>\n <\/p>\n Find out more about alternative currencies and fintech here:<\/p>\n Fintech in Asia is getting hotter and hotter, as Mohan Belani from e27 shared during \u00a0the Break conference in Bali, \u201con our tech blog, articles discussing fintech are always \u00a0the most shared\u201d. Ned Philips, a veteran from E-Trade and is now with 8securities, jokes, \u201cWe needed 3 licenses just to operate in Singapore and […]<\/p>\n","protected":false},"author":6,"featured_media":2556,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[80],"tags":[82,422,423],"class_list":["post-2358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-category","tag-bitcoins","tag-fintech","tag-regulations"],"_links":{"self":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/2358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/comments?post=2358"}],"version-history":[{"count":0,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/2358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/media?parent=2358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/categories?post=2358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/tags?post=2358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fintech in Asia: key points<\/h2>\n
\n
\n
\n
\n
\n
The generational opportunity for fintech startups<\/h3>\n
![\"socialogilvy-on-millennials-the-new-age-heroes-2-638\"](\"http:\/\/www.www.innovationiseverywhere.com\/wp-content\/uploads\/2015\/08\/socialogilvy-on-millennials-the-new-age-heroes-2-638-466x350.jpg\")
<\/p>\nBitcoin and the blockchain are the future of fintech in Asia<\/h3>\n
![\"agence](\"http:\/\/www.www.innovationiseverywhere.com\/wp-content\/uploads\/2015\/08\/agence-tesla-fintech-in-asia-mohan-belani-ned-phillips-simon-cant-innovation-philippines-millennials3--534x350.jpg\")
<\/p>\n\n