What's Next in the World of Fintech?

What are the opportunities ahead for fintech?

Fintech and Applied Analytics student clubs from the School of Professional Studies recently hosted a panel on the future of fintech in collaboration with the Fintech Club from Columbia Business School. Speakers included Abhinav Anand, Managing Director, Head of Consumer Lending, Marcus by Goldman Sachs; James Allgrove, Head of Growth, US East Coast, Stripe; Michael Rangel, Founder & CEO, Bank Novo; Nicolas Kopp, U.S. CEO, N26; Scarlett Sieber, named among “The 100 Most Influential Blockchain Women”; and Chenni Xu, Corporate Communications, Ant Financial. The panel was moderated by Thomas Deely, Executive Director for SPS Corporate Partnerships.

What will be the biggest breakthrough in the next couple of years? “I see an evolution just in showing consumers the data, giving them access to insights,” said Anand.

The panelists had different priorities for their firms. “We are first and foremost focusing on our technology infrastructure and building out our platform for partners and developers to use. Ant’s proprietary innovations in the Blockchain, AI, and security are what underpins our financial services, of which risk management and data privacy are among our top concerns,” said Xu, CC’08. Allgrove said that Stripe was foremost interested in supporting entrepreneurs and helping them scale their businesses.

What innovations were the panelists most excited about? “I am excited about blockchain’s potential for proof of impact—the tangible metrics will allow, for example, nonprofits to track progress in their donations,” said Sieber.

Kopp challenged the audience with a question: “Who will emerge as the gateway to providing financial services in the future?”

Who will come out ahead with the most popular blockchain products for consumers—the banks or the startups? The room voted down the middle.

Learn more about the Master of Science programs in Applied Analytics, Technology Management, and Enterprise Risk Management at Columbia University’s School of Professional Studies.