Fintech and the future of finance | Prof. Arman Eshraghi

Fintech and the future of finance | Prof. Arman Eshraghi | TEDxCardiffUniversity

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4 жыл бұрын

Fintech (financial technology) is not a new concept, but its influence of how we manage our finances has accelerated tremendously in recent years. Arman will explain why everyone (and not just finance professionals) should care about the growth and impact of fintech. Arman Eshraghi is a Professor of Finance and Chair of Finance and Investment at Cardiff Business School. His academic research spans finance, accounting and psychology with interests including behavioural finance, financial technology and corporate governance. His work is published in some of the leading academic journals, cited in the media including the Financial Times, Washington Post, Harvard Business Review, Forbes and Bloomberg. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

Пікірлер: 144

@sunshinef1644 3 жыл бұрын

Thanks for pointing out both the pros and cons of fintech. I currently study finance in college and love this field, but fear that the traditional finance industry will get disrupted by new technology.

@bkchaitany 2 жыл бұрын

With technology, instant transfers are happening like UPI in India, simplifying settlements and claims. Clearing houses will vanish. No need of brokers or mediators who had to support money movement through investment in cashflows. Collateral and escrow business gets disrupted by block chain based smart contracts. Investment consultants replaced by demat and smart algorithms digesting trillions of insights worldwide and generating accurate and precise advices through machine learning algorithms.

@harjasx Жыл бұрын

@@bkchaitany do you think fields like investment banking,asset management, fund management, private equity gonna get affected by fintech ?

@originalpathpavers5767 Жыл бұрын

@@harjasx absolutely! It already is! That is the premise of what Krishna speaks to ! 4th industrial revolution in parallel to the evolution of global consciousness.

@anuragpant2545 Жыл бұрын

@@originalpathpavers5767 Then what career in finance will be good for next 2 decades ? What about acturial science?

@heatherrausch1987 3 жыл бұрын

i've definitely heard of all this before and i get that cashless is the way of the future but i do hope we manage to hang on to the old ways a little bit. this guy delivered this talk so well though, i actually watched the whole through and was very curious!!

@petermitchell3475 3 жыл бұрын

From the ATM to plastic cards, I'm pretty thrilled by online banking thank you.

@sashapetrovic1678 3 жыл бұрын

I hear about Fintech though don't understand it, mainly because its financial and technology together. Both things that I am not fond of. Thank you for expanding my view.

@arnoldcintron1621 3 жыл бұрын

I can see a day where everything is digital, including us!

@maxpoyntz4960 3 жыл бұрын

just watched a talk where some guy is convinced we are going to have machine bodies and human brains soon... that weirded me out

@DodyFrozy 3 жыл бұрын

What you said is intersting because if you think about it its already hapening with social network. For exemple Instagram (not always, but most of the time) make us less physical human and more digitale ones. Its a huge debate that i will be happy to talk about, but im righting on a french iphone keyboard that « corect me » on every word i say uhhgg 😭

@aravindr7422 2 жыл бұрын

@@maxpoyntz4960 definite not. the initial ones who gonna fall are lab rats in human form. have to take all there electric and magnetic field in high intense. in an most complicated part. human body.

@simaobitencourt 3 жыл бұрын

I do love the idea of being able to get rid of the monopoly a lot of the big corporations have... Block chains scare me though! I've heard some pretty terrible things... But as long as we can ensure that such technology isn't helping feed the darker side of the internet I would be all for it.

@manasgangishetti9102 4 жыл бұрын

What is the future for fintech after COVID ?? Can you please suggest??

@stephZandrews 3 жыл бұрын

I am now buying bitcoin, because its so easy to get now. The institution fought it, and now they are all in!

@carliewilferth 4 жыл бұрын

There is so much on the news about a cashless society, it's happening, we can't stop it now.

@westhalbrook2472 3 жыл бұрын

dont stop it, get some crypto

@risapiera 3 жыл бұрын

I wish we could some days!

@verymarysalisbury 4 жыл бұрын

I remember when Bitcoin was launched, and all the experts made fun of it, I remember each and every time some so-called expert said it would fall and crumble. But here we are, still growing and now spawning so many other Crypto Currencies.

@lucyiberard1219 4 жыл бұрын

I know, and I have mine and want to get more.

@gwendolyncarnell 4 жыл бұрын

Erik, yes - Paul Tudor Jones, a large hedge-fund manager and founder of Tudor Investment Corporation, says he is buying bitcoin futures. He says that Bitcoin is a an inflation hedge against "great monetary inflation," and reminds him of gold in the 70s.

@VirlyCahyani 8 ай бұрын

🎯 Key Takeaways for quick navigation: 00:02 🚀 Introduction to FinTech 02:16 💡 Understanding Blockchain and FinTech 03:35 🌊 FinTech's Disruptive Impact 05:19 💰 FinTech Investment and Unicorn Companies 06:40 🔄 Big Tech's Influence on Finance 09:33 📈 Caution Amidst Hype in FinTech 16:06 🤔 Balancing Optimism and Caution Made with HARPA AIsu

@bertbert1162 4 жыл бұрын

Another simple but good video.

@felipeecoelho 4 жыл бұрын

Yeah, kind of timely now too, it's not like banks are doing us any favors.

@TheJosefin123456 3 жыл бұрын

:) great talk , thank you

@sagarmore3893 3 жыл бұрын

We are moving to a cashless society, and soon EVERYTHING WE DO will be seen by the government and the banks.

@robinworkman3621 3 жыл бұрын

It already is

@wcfan623 3 жыл бұрын

So what?

@KRS31477 3 жыл бұрын

The point of de-centralised crypto currencies is that we will lose the intermediaries from controlling the money flows. It is a payment system from peer to peer transactions. The banks will have nothing to do with your money. We are literally diverging from the big banks rather than succumbing to them...

@robinworkman3621 3 жыл бұрын

@@KRS31477 it will be like using a debit card with out a bank they can still track every purchase back to you

@KRS31477 3 жыл бұрын

@@robinworkman3621 Sure they can. It will take them a lot of resources to do that, so its flattering. Also, if I needed to hide my purchases I would find a way ;)

@alexleister 3 жыл бұрын

The commentators suggesting that digital currency is wrong are simply stuck in another age and time. It is 2020.

@erikdangor 4 жыл бұрын

Did I just see a big hedge fund manager declare he bought a lot of crypto?

@milagroczarnecki 3 жыл бұрын

I saw that a while ago too, and the last few weeks been watch Bitcoin, wow.

@MichaelN.Burrell 3 ай бұрын

I’m so glad I had to join this page. Very new to crypto don’t really know how to start investing. Any help?

@a-stocktrading2062 2 жыл бұрын

that solo wheel motorcycle looks dope af. i want one

@zacksuchodolska 3 жыл бұрын

And when it all becomes digital currency, we the people will have lost whatever freedom we had left.

@oscarnotreallyawiener 3 жыл бұрын

10000% agree, give me cash I cant put in the mattress

@NinjaNuggets21 3 жыл бұрын

Currency itself in any form limits freedom.

@jeffgoldygold 3 жыл бұрын

yeah, but bitcoin has nearly triple in a few months, that can spell freedom.

@khamaskhamas9091 3 жыл бұрын

@ErinKalshaw 3 жыл бұрын

freedom? Ive been in and out of lockdowns all year?

@gemmaatterks 3 жыл бұрын

I finally bought Bitcoin this year, just a bit and no this isnt an ad. But wow it's really going up.

@alicestanser 4 жыл бұрын

All of this, all of this new way of banking - paying - investing is terrifying. Without regulations like we used to have everything seems so risky...

@stratulatlucian8064 3 жыл бұрын

scares me too

@vecin0 3 жыл бұрын

Freedom is risky

@alicestanser 3 жыл бұрын

@@vecin0 very true

@MGE0007 3 жыл бұрын

But it is regulated..... Perhaps regulators have not caught up 100% but any firm handling payments (for example) need a banking licence or to partner with someone who does.....

@KRS31477 3 жыл бұрын

Everything has its risks. Recall the global financial crisis which sent the whole worlds economies spinning into demise. People lost homes and their savings. With crypto currencies you wont have bankers as middlemen making bubbles out of your own money.

@lucyiberard1219 4 жыл бұрын

This came up in our group and I wasn't going to watch, but I am glad I did.

@armaneshraghi8630 4 жыл бұрын

Glad you liked it!

@carliewilferth 4 жыл бұрын

I finally watched too Lucy..

@georgemanu 4 жыл бұрын

I watched also Lucy

@shahediqbalshakil8321 4 жыл бұрын

Fintech has changed financial system in Bangladesh. Now a days huge number of transaction are occurring through mobile banking.

@geoffdeeprose9469 4 жыл бұрын

But isn't this area of the world less controlled by big banks? And isn't fintech aimed more at moving away from traditional banks?

@shahediqbalshakil8321 4 жыл бұрын

@@geoffdeeprose9469 Yes, Financial sector of Bangladesh is not largely based on Capital market, though there is stock exchange. But Their performance is not satisfactory yet. Financial sector of Bangladesh is based on Banking sectors. U can't imagine, here local bank is doing great, bringing financial transactions in people’s smartphone. Mobile banking received highest numbers of transactions in few years. U can find ATM enabling Fast track in everywhere of the country. More than 19 bank doing agent banking here door to door. Now Bangladesh has near about 60 commercial bank. Almost all of them providing e banking, mobile banking. U can search Bkash, Rocket, Ucash, SureCash and some of them replacing paypal and many more in case of money transfer and so many financial transactions.

@geoffdeeprose9469 4 жыл бұрын

@@shahediqbalshakil8321 you think this is the model for the west? or parts of it?

@nafisaislam386 4 жыл бұрын

Rural areas in Bangladesh have traditionally accessed finance through informal lenders or microfinance. Interestingly, bKash, the country’s largest mobile financial service provider also started through BRAC, the largest NGO in Bangladesh's microfinance wing.

@shahediqbalshakil8321 4 жыл бұрын

@@geoffdeeprose9469 We can say it may not be the model for the west but rest of the world. The positive change FinTech brings is the results of Financial globalization. Bangladesh doesn’t need what is acceptable to the west at this moment. It needs more and more support for the ongoing economic booming though what corona brings for us is still in doubt but there is some positive news from exports of RMG growth even in this crisis. U can study Bangladesh from global financial journals such as economist and why they are saying it as one of the new Asian tiger. Thanks for ur enquiry.

@billywalters5469 3 жыл бұрын

The top 10 companies in 2019 include Financial companies. I'm seeing the Fintech trend here.

@lizettesimon478 4 жыл бұрын

Haha, I still balance a checkbook the old fashion way. I had the power company ask if I could just do online and I refused, they couldn't believe it!

@officialsefrey 3 жыл бұрын

haha how cool, love that.

@bigdollarsigns 3 жыл бұрын

good!

@brandawoodword 4 жыл бұрын

I can't even remember using cash except coins for parking meters, but isn't that causing us to lose sight of the value of money - its now a click away and then away for good.

@turkvestule1668 4 жыл бұрын

You know what, I miss cold hard cash, when I use cash I know how much I have and how much I can spend.

@magnusseverson 3 жыл бұрын

me too

@michealdrozd 3 жыл бұрын

big institutions with too much power.

@briannavantifcampen 3 жыл бұрын

those days are over Turk!

@dennisdanilla 3 жыл бұрын

give me a dollar dollar, a dollar is what I need!

@isabelledanska 3 жыл бұрын

I agree, give me bills and coins

@robinworkman3621 3 жыл бұрын

I bought ftft @ 4.69 only 45 shares. I was going to use it for flipping. But I'm thinking it might be a good one to hold.

@bridgettemsanders 4 жыл бұрын

I really wonder whats going to happen with the BC split during this virus crisis?

@therealblackdynasty 3 жыл бұрын

My Mother told me, if you can't see it, you don't have it. I feel this way about a lot of technology that's out there somewhere.

@bigdollarsigns 3 жыл бұрын

Mine said the same.

@therealblackdynasty 3 жыл бұрын

@@bigdollarsigns haha, you are the brother then from the same thinking mother!

@KRS31477 3 жыл бұрын

Your mother is a wise woman, but she has a misconception about how money and currencies work. For example, a dollar bill is still just a piece of paper and as a piece of paper it is not worth much. However, the value to the piece of paper comes from the fact that other people accept it in turn for some other valuable like an orange. The value is created by people and their trust into the one dollar bill that it will buy you something. This is also true for crypto currencies, because people trust them and they are willing to give valuables for it.

@tinycockcroft 4 жыл бұрын

Bitcoin and Tulips? perhaps the difference is people want out of the traditional financial model.

@risapiera 3 жыл бұрын

Who will dominate, I'l glad to hear him mentioning caution.

@cecilechau7932 5 ай бұрын

, the speed of technology adoption, what’s Fintech, DeFi of Blochchain: a distributed real time ledger, hype, why it is disruptive, big tech Cos go into finance, The effect of name - sentiment, excitement, speculative bubbles, psychological literature, unconscious emotions,

@bettygould3679 4 жыл бұрын

It still feels like a way for rich bankers to take more from us.

@vecin0 3 жыл бұрын

FinTech now has less to do with banks then ever before

@minjaepark6684 2 жыл бұрын

@bettygould this time it's different

@bettygould3679 2 жыл бұрын

@@minjaepark6684 let5s hope

@danielaevans9331 2 жыл бұрын

Can someone please simplify what fin tech is?

@skyec8562 3 жыл бұрын

I never use cash anymore, I wonder if we are going to get to a point when its all digital.

@carlRoger-ki8uv 3 ай бұрын

I agree that Nexchain is about to shade some alt coins away in the market.

@luizantoniomachado 3 жыл бұрын

Oh yes, Blockchain, that's my new bank, like the Cloud unit I have to store and find my stuff. I like when they tell my storage is almost full and need to pay just a little bit more. Really, if I didn't have a sense of humor I'd be crazier!

@dariasotnykova 4 жыл бұрын

And BC split, lets now hang on and see!!!!!

@swweetprincess14 3 жыл бұрын

i understand the revolution came in the mobile phones uses but i am still concerned the minimal cost I need to pay to run it

@themostofall4250 3 жыл бұрын

But aren't we losing freedom with fintech, are we now tracked more than we ever have been?

@lwazimchunu5981 3 жыл бұрын

essentially

@sofiatclara 3 жыл бұрын

Welcome to the new world of finance and a cashless society. Better hang on to those old mattresses!!

@kakakakanananana 3 жыл бұрын

I'm lost, is block-chain like a chain-gang trying to out do the banks?

@shaylabaldwin 7 ай бұрын

Sec started regulation in 2008! Yes 👏

@rickyohe 4 жыл бұрын

I read the Australias post office is now allowing customers to buy bitcoins!!!

@phillipnorris3rd 4 жыл бұрын

yeah saw that too, wonder if it's about getting the government knowing what we do.

@shaylabaldwin 7 ай бұрын

Great marketing 🤩

@alisonjanicewhite 3 жыл бұрын

He's got a bit of swagger, I think he could play the bad guy in a movie called Espionage. I think I might be able to watch that. Had hard time listening to this.

@iamarchiestewart 3 жыл бұрын

The was like the old hitting the hornets nest, I just don't get it why people are so wound up? Stuff evolves and this is part of it.

@demiloster 3 жыл бұрын

Has anyone seen this new REVOLUT app? Just asking.

@christianvillalobos9016 4 жыл бұрын

They need to fix those TVs lol

@emmasmythe 4 жыл бұрын

Haha yes they do.

@chantalbrovic 3 жыл бұрын

I understand how this is good for some, but digital transactions scare me, you can't count what you give or get back. And then my money travels down an electronic highway I have no control over.

@oyonique 3 жыл бұрын

How is traditional banking better

@aprilla9112 2 жыл бұрын

the inflows and outflows are more tangible

@oyonique 2 жыл бұрын

@@aprilla9112 you can cash out your intangible money if you feel like that'll help you have more security over your money. But infact what you're currency is worth is dictated by the stock market and other factors which are totally digital values on computers. So no money is tangible anymore I'm afraid.

@margotaylor-ritchie5937 3 жыл бұрын

The one thing not many discuss is as governments and major banks authorise more digital control, the more people will look for alternative ways of exchanging goods and services. I suggest barter will find a way back.

@mariettahermosa 3 жыл бұрын

Ive got about 0.007 BTC. Lets see how much ill have by the end of 2021

@undertaker11ism 4 жыл бұрын

Im using fintech to build my credit rn

@evanlorezca6329 4 жыл бұрын

How so Joel?

@undertaker11ism 4 жыл бұрын

Account Name With this app called esusu that does credit builder loans

@evanlorezca6329 4 жыл бұрын

@@undertaker11ism oh ok thanks. I'll check it out. How has it been doing for you so far?

@undertaker11ism 4 жыл бұрын

Account Name It works very great, easy sign up process and they report to equifax every month.

@evanlorezca6329 4 жыл бұрын

@@undertaker11ism ok nice. Glad I can across this.

@farshadhosseini5551 2 жыл бұрын

My Persian dude

@grandbaycentral5741 3 жыл бұрын

Banks are getting into Fintech bandwagon.

@sundalmurugan4208 3 жыл бұрын

wa wa waaat, after '08 regulations increased?????

@mirandaamir4734 3 жыл бұрын

@jaredellis2754 2 жыл бұрын

Ill save you 17 minutes Ted talk as follows 1: Fin tech includes not just blockchain but online payments 2: Companies in the fin tech sector are now some of the biggest companies in the world 3: There are some fake cryptos 4: A likening bitcoins to the price of tulips in the 17th century 5: Be careful of the promised wealth to crpyto This video hasnt aged well and the speaker sounds like hes just sniffed a line of coke and trying to keep himself calm throughout the whole presentation.

@PeyushSaini96 2 жыл бұрын

thank you