How digital trends are changing financial service industry
Hey there.
All my post have been about blockchain in general as I am currently infatuated with it. But, as I learn more about what other digital trends are doing, I am gonna start my blogs with financial industry first.
While writing a Statement of Purpose for a competition, I came to know how new disruptive technologies viz. blockchain, fintech and Artificial Intelligence are believed to be the future for Merger and Acquisition deals. While it might sound bullshit to some, it's true. As the traditional players are getting beaten by fast and nimble startups in fintech, AI and blockchain, and getting more user base, they don't have the time to invite new talent and build something out of scratch that can compete with them. So, they are now instead "buying" rather than "building" these new competencies. This has been one of the major reasons for digital to occupy top position in M&A deals around the world.
In this aspect, China's giants Tencent and Alibaba are on a spending spree. Due to these acquisitions, they have already gained traction in their market and are challenging major players who are already established for a number of years.
In my next post, I would go in detail what I have learned about M&A in financial industry. After that, I would move on to the rising Chinese influence in digital and how established players plan to cope with that.
Adios.
All my post have been about blockchain in general as I am currently infatuated with it. But, as I learn more about what other digital trends are doing, I am gonna start my blogs with financial industry first.
While writing a Statement of Purpose for a competition, I came to know how new disruptive technologies viz. blockchain, fintech and Artificial Intelligence are believed to be the future for Merger and Acquisition deals. While it might sound bullshit to some, it's true. As the traditional players are getting beaten by fast and nimble startups in fintech, AI and blockchain, and getting more user base, they don't have the time to invite new talent and build something out of scratch that can compete with them. So, they are now instead "buying" rather than "building" these new competencies. This has been one of the major reasons for digital to occupy top position in M&A deals around the world.
In this aspect, China's giants Tencent and Alibaba are on a spending spree. Due to these acquisitions, they have already gained traction in their market and are challenging major players who are already established for a number of years.
In my next post, I would go in detail what I have learned about M&A in financial industry. After that, I would move on to the rising Chinese influence in digital and how established players plan to cope with that.
Adios.
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