Collaborative Finance: Democratizing Finance, Money and Banking

Download Collaborative Finance: Democratizing Finance, Money and Banking

Post on 17-Aug-2014

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Collaborative Finance: Democratizing Finance, Money and Banking For the full story that goes with this deck please go to: http://www.collaborativeconsumption.com/2014/07/31/collaborative-finance-by-the-people-for-the-people/

TRANSCRIPT

  • COLLABORATIVE FINANCE DEMOCRATIZING FINANCE, MONEY AND BANKING
  • COLLABORATIVE FINANCE PERSON-TO-PERSON AND CROWD- DRIVEN FUNDING, LENDING, CURRENCY AND INVESTMENT MODELS THAT DECENTRALIZE AND DEMOCRATIZE FINANCE, MONEY AND BANKING.
  • Real Estate LendInvest Fruitfull Landbay Groundfloor Money360 Small Businesses Funding Circle SoMoLend Personal Creative Projects Kickstarter Indiegogo MassiveMov Small Businesses Seedrs CircleUp Civic Crowdrise Start Some Good Personal GoFundMe Upstart Pave Transferwise Midpoint P2P Cash Peer Transfer CurrencyFair Zopa Kiva Lending Club Prosper SocietyOne SOCIAL LENDING CROWDFUNDING Stripe Balanced SNAPSHOT P2P CURRENCY TRANSFER P2P PAYMENT PLATFORMS P2P INSURANCE P2P DIGITAL CURRENCY Friendsurance P2P PAYMENT NETWORKS Mpesa MiCash Obopay Bitcoin Ripple Litecoin
  • 1 RIFE WITH REDUNDANT MIDDLEMEN FINANCIAL SERVICES RIPE FOR DISRUPTION 2 COMPLEX FEES AND PROCESSES ARE COMMON 4 MANY PEOPLE HAVE RESTRICTED ACCESS TO BANK ACCOUNTS, FUNDING, AND LOANS. 3 INSTITUTIONAL TRUST IN THE SYSTEM IS LOW
  • UNBUNDLING BENEFITS ARE BEING UNBUNDLED FROM THEIR PHYSICAL DELIVERY SYSTEMS TO CREATE GREATER ACCESS. NEWSPAPERS, EDUCATION AND NOW BANKING
  • HOW WILL THEY DISRUPT A LARGER ECOSYSTEM?
  • 2 EMBRACE THE SHIFT FROM INSTITUTIONAL TRUST TO PEER TRUST HOW CAN YOU 1 RETHINK THE WAY PEOPLE CAN ACCESS ASSETS AND SERVICES THROUGH OPEN MODELS 4 THINK OF TECHNOLOGY NOT AS AN ADDED COMPLEX LAYER BUT AS A SIMPLIFIER 3 REMOVE REDUNDANT INTERMEDIARIES TO DIRECTLY MATCH WANTS AND HAVES