Adviser Innovation logo
Adviser Innovation logo
Advisor Inovation logo
Fintechs must prove their worth in 2016

Fintechs must prove their worth in 2016

author image
By elaina ·
January 11 2016

Fintechs must prove their worth in 2016

This year will likely see the first failed fintech company, resulting in more start-ups having to prove their value and live up to the hype, says share portfolio management software provider Sharesight. 

Fintechs must prove their worth in 2016
nestegg logo

Sharesight chief executive Doug Morris said the "hype" surrounding the fintech sector will move to a different stage in 2016.

"Now we'll see the rubber meeting the road, with fintechs having to prove they really can generate a return," he said.

"I think this year we will see the first fintech to fall over from not having enough customers or being able to generate enough revenue."

Mr Morris also predicted more and more fintechs will partner up with large instos.


"A lot of the disruption talk in Australia is really overplayed," he said.

"Realistically, this year you will see more and more fintechs partnering with the big institutions. The ones that rattle the sabre, claiming they'll take down the banks will be rarer. If taking down the banks didn't work post-GFC, it won't work now."

Join the debate to improve the issues that surround affordability and accessibility within the advice industry at ifa’s brand-new event, ifa Future Forum.

Join your peers to uncover game-changing industry solutions to pave the way for solving the problem of accessibility and affordability. Utilise your extensive knowledge to formulate ideas and help futureproof advice. Register your free place now!

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook.
Find us on Twitter for the latest updates

Subscribe to our Newsletter

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

latest articles