VC-like returns are more challenging. Sophisticated investors should consider
turning their attention to upcoming categories in which technology advantage and
user experience are paramount to maintaining competitive advantage. These
industries, described in detail above, include Healthcare, Real Estate, Retail.
Education should also be considered as a viable market opportunity given AR/VR
technology's ability to improve the learning process.
Investment Sector: Fintech
Overview
Financial technology
{
FinTech for short
{
describes the evolving intersection
of financial services and technology, and the wave of technological innovations
that are disrupting and challenging not only financial services but the business
sector in general. Any technological innovation in the financial sector, including
innovations in financial literacy and education, retail banking, investment and
even crypto-currencies like bitcoin, can be referred to as fintech. Since the
internet revolution and the mobile internet revolution, financial technology
has grown explosively, from the invention of digital money to double-entry
bookkeeping, technology has transformed the way people transact daily
businesses. Fintech, which originally referred to computer technology applied
to the back office of banks or trading firms, now describes a broad variety of
technological interventions into personal and commercial finance. According to
EY's Fintech Adoption Index, one-third of consumers utilize at least two or more
fintech services and those consumers are also increasingly aware of fintech as a
part of their daily lives.
All in all, Fintech provide 1) enablement of transaction and ubiquitous
payments system, 2) creating new financial products, 3) new perspective of
wealth management, 4) ultimately giving value to new things.
61
Taiwan Economic Forum
Volume 15, Number 4
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