Post on 02-Jun-2018
transcript
8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9=Aist Hbctilo
Bcc`vft`rsQip`rt
8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =1
Bctr`kultb`c
Kifr rifkir,
Ti fri ofppy t` prisict t` y`u toi bcfudurfn 9= Aist Hbctilo Bcc`vft`rs rip`rt.
F l`nnfa`rftbvi ihh`rt aitwiic FTB, J]ED Fustrfnbf fck toi Hbcfclbfn \irvblis L`uclbn (H\L), toi rip`rt
pr`vbkis kiip fcfnysbs `h toi rfpbkny iv`nvbcd ctilo bckustry w`rnkwbki fck bkictbis toi dn`afn 9= Aistpirh`reirs.
[oi 9= Aist l`epfcbis fri to`si usbcd tiloc`n`dy t` toi aist fkvfctfdi fck krbvbcd kbsruptb`c wbtobc
toi cfclbfn sirvblis bckustry. [oisi l`epfcbis ofvi f l`eebteict t` ixlinnicli fck f supirb`r lust`eirixpirbicli fck f kie`cstrftik fabnbty t` k` `ci tobcd bc f efrjit aittir tofc fcy`ci insi.
Toy ctilo0 Fck woft k`is bt eifc t` toi cfclbfn sirvblis bckustry0Dn`afn ctilo cfclbcd ofs e`ri tofc trianik bc toi pfst torii yifrs t` fc istbeftik Y\$< abnnb`c fccufnny fck toi nivin `h bcc`vftb`c bc toi cfclbfn sirvblis silt`r ofs aiic ucprilikictik `vir toi pfst 61e`ctos. [oi nivin `h spick fck bcticsbty `h h`lus wbnn fck fnrifky ofs nik t` toi kivin`peict fck rinifsi
`h pr`kults fck s`nutb`cs toft wbnn lofcdi toi wfy lust`eirs vbiw fck bctirflt wbto toibr cfclbfn sirvblispr`vbkirs h`rivir.
Bc fc bckustry toft wbnn s``c ai brriv`lfany lofcdik ay toi kbsruptbvi ihhilt `h bcc`vftb`c, toi l`epfcbis
k`bcd ctilo aist fri toi e`st nbjiny t` sulliik. Fnrifky, s`ei `h toi w`rnks efg`r cfclbfn lictris friiqufnny ail`ebcd jc`wc fs lictris `h ctilo bcc`vftb`c7 N`ck`c fck Ciw R`rj, h`r ixfepni. Hbctilo fltbvbtybs fns` `hhirbcd efg`r `pp`rtucbtbis h`r `toir cfclbfn lictris, bclnukbcd \ykciy.
\` toiris civir aiic f aittir tbei t` ai fwfri `h ctilo fck ispilbfnny, wo` bs k`bcd bt aist.
Tivi siniltik toi 9= Aist bcc`vft`rs h`nn`wbcd ixticsbvi dn`afn risifrlo fck fcfnysbs afsik `c kftfrinftbcd t` h`ur hflt`rs7
t`tfn lfpbtfn rfbsik
rfti h lfpbtfn rfbsbcd
kidrii `h sua bckustry kbsruptb`c
kidrii `h pr`kult, sirvbli, lust`eir ixpirbicli fck ausbciss e`kin bcc`vftb`c (f suagiltbvi rfcjbcdhr`e iflo eieair `h toi gukdbcd pfcin).
[oisi fssisseict lrbtirbf riilt toi hflt toft victuri lfpbtfn bcvistik bs f rinivfct eifsuri `h bcc`vftb`cwoblo bc turc huins ickurbcd l`epitbtbvi fkvfctfdi. Xicturi lfpbtfnbsts siij tobs ickurbcd l`epitbtbvifkvfctfdi `vir fck fa`vi fcytobcd insi.
[oi l`epfcbis cfeik bc tobs rip`rt fnn tfji f winn-kisirvik p`sbtb`c fs toi 9= Aist. O`wivir toiri fri efcy`toir ixlbtbcd fck lriftbvi ctilo l`epfcbis fr`uck toi w`rnk. @ur bctictb`c bs toft fs toi ctilo bckustryl`ctbcuis t` iv`nvi, huturi btirftb`cs `h tobs rip`rt wbnn sii bt ail`ei f ridbstir c`t gust `h toi 9= Aistbcc`vft`rs, aut `h fnn ctilo l`epfcbis.
B icl`urfdi y`u t` vbsbt www.ctilobcc`vft`rs.l`et` ck `ut e`ri.
R`urs hfbtohunny,
Aic Oifp
LI@, FTB Nbebtik
http:///reader/full/www.fintechinnovators.comhttp:///reader/full/www.fintechinnovators.com8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =;
Fa`uttoi nbst
Fa`ut toi nbst
[oi 9= Aist Hbctilo Bcc`vft`rs rip`rt bs f l`nnfa`rftbvi ihh`rt
aitwiic FTB, J]ED Fustrfnbf fck toi H\L fck fcfnysis toi dn`afn
ctilo spfli. [oi rip`rt obdonbdots to`si l`epfcbis dn`afnny toftfri tfjbcd fkvfctfdi `h tiloc`n`dy fck krbvbcd kbsruptb`c wbtobc toicfclbfn sirvblis bckustry.
[oi pr`liss h`r siniltbcd toi t`p 9= bcc`vft`rs bcv`nvik f ucbvirsfn
sifrlo h`r bcc`vftbvi ctilo l`epfcbis t` lrifti f l`eprioicsbvinbst toft wfs toic rfcjik afsik `c ; hflt`rs7 t`tfn lfpbtfn rfbsik, rfti`h lfpbtfn rfbsbcd, n`lftb`c fck kidrii `h sua bckustry kbsruptb`c fck
toi gukdbcd pfcins suagiltbvi rftbcd `h toi kidrii `h pr`kult, sirvbli,lust`eir ixpirbicli fck ausbciss e`kin bcc`vftb`c. F h`reunf wfstoic usik t` l`eabci tobs kftf fck kitirebci toi `virfnn rfcjbcd.
FTB Xicturis
FTB Xicturis, toi victuri lfpbtfn fre `h FTB, bcvists bc ifrny stfdi
ctilo ausbcissis. FTB Xicturis bs fc bcvist`r bc \t`ljsp`t (pfdi ;2)fck \inhwifto (pfdi 86). Fs winn fs bcvistbcd bc ifrny stfdi kbdbtfn fckkbsruptbvi ausbcissis, FTB Xicturis ofs istfanbsoik Fustrfnbfs rstfck `cny Hbctilo Fllinirft`r, fck `ci `h toi rst bc toi w`rnk.
8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =9
=6 Tifntohr`ct
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
Lnbicts trust Tifntohr`ct
t` efcfdi `vir $6 abnnb`c `htoibr fssits
N`lftik7]fn` Fnt`, LF, Y\F
Rifr H`uckik7
1=66
Jiy ]i`pni7Kfcbin Lfrr`nn, Fkfe Cfso fckFcky Qflonihh
Tiasbti7
www.wifntohr`ct.l`e
\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
Hucks efcfdieict
Afsik `c y`ur cfclis, bcvisteict d`fns, fck rbsj t`nirfcli, Tifntohr`ctkitirebcis o`w t` fnn`lfti y`ur e`ciy flr`ss n`w-l`st bckix ixlofcdi trfkikhucks toft bcvist bc st`ljs, a`cks fck l`ee`kbtbis fr`uck toi dn`ai. Bt l`ctbcuist` e`cbt`r fck fut`eftblfnny riafnfcli y`ur p`rth`nb` t` efbctfbc toi tfrdit
fnn`lftb`c.
H`r fll`ucts wbto aitwiic $9,=== fck $6=,===, bts fkvbli fck efcfdieictsirvblis fri hrii. H`r fll`ucts wbto e`ri tofc $6=,===, Tifntohr`ct lofrdis fcfccufn hii `h =.19%, fck bclnukis f sirvbli t` oinp ebcbebzi fc bcvist`rs lfpbtfndfbcs tfx nbfabnbty.
\ua-bckustry kbsruptb`c
TifntoHr`ct `hhirs `cnbci fut`eftik bcvisteict sirvblis toft fut`eftblfnny
rifkgust bcvist`rs p`rth`nb`s fssit wibdotbcd bc kbhhirict lnfssis h`r fl`epfrftbviny n`w hii.
Tivi fnn siic toi T`nh `h Tfnn \triit. Tik n`vi t` sii f w`rnkwoiri bckbvbkufns frict priyik `c ay sofrjs fck pfrfsbtis n``jbcd t`icrblo toiesinvis ay sinnbcd obdo-l`st, bcfppr`prbfti bcvisteicts. Fkfe Cfso, LI@, Tifntohr`ct
http:///reader/full/www.wealthfront.comhttp:///reader/full/www.wealthfront.com8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =8
=1 Jfaafdi
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
[oi w`rnks hfstist fck
ifsbist wfy t` dit hucks t`
dr`w y`ur sefnn ausbciss.
N`lftik7Ftnfctf, DF, Y\F
Rifr H`uckik7
1==2
Jiy ]i`pni7Jftoryc ]itrfnbf, Q`a Hr`owibcfck Efrl D`rnbc
Tiasbti7
www.jfaafdi.l`e
\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
N`fcs
Jfaafdi bs f cfclbfn fck kftf tiloc`n`dy l`epfcy toft ofs rfkblfnny lofcdiktoi wfy sefnn ausbcissis lfc `atfbc lfpbtfn.
Jfaafdi ofs ail`ei toi cueair `ci `cnbci pr`vbkir `h w`rjbcd lfpbtfn t` sefnnausbcissis bc toi Ycbtik \tftis fck YJ.
Jfaafdis Kftf L`ctixt Icdbci l`ccilts t` toi kftf s`urlis toft sefnn
ausbcissis fnrifky usi iviry kfy -- sulo fs sobppbcd, fll`uctbcd, s`lbfn eikbf,il`eeirli, pfyeicts fck `toirs -- fck nivirfdis tobs kftf t` kinbvir hfst, ixbanihuckbcd t` sefnn ausbcissis.
\ua-bckustry kbsruptb`c
Jfaafdi ictirik toi sefnn ausbciss cfclbcd efrjit bc 1==2 bc toi wfji `h toiDHL woblo krbik up sefnn ausbciss cfclbcd l`epitbt`rs.
Bt sits btsinh fpfrt tor`udo bts kftf l`ctixt icdbci woblo usis privb`usnyucl`cvictb`cfn kftf dicirftik tor`udo ausbciss fltbvbty-sulo fs sinnir lofccins,
s`lbfn eikbf fck sobppbcd kftf-t` ivfnufti sefnn ausbciss n`fc fppnblfcts fckpr`vbki hfst, ixbani huckbcd.
Jfaafdi bs fani t` efji f n`fc wbtobc 4 ebcutis, woirifs afcjs efy tfji wiijs.
Kie`lrftbzftb`c @h T`rjbcd Lfpbtfn H`rais
http:///reader/full/www.kabbage.comhttp:///reader/full/www.kabbage.com8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =4
=< E`tbhBcvistbcd
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
\t`p pbljbcd st`ljs. \tfrtpbljbcd bkifs
N`lftik7
\fc Efti`, LF, Y\F
Rifr H`uckik7
1=61
Jiy ]i`pni7Ofrkiip Tfnbf, \ofci Eunr`cfck L`ccbi Juon
Tiasbti7
E`tbh Bcvistbcd bs fc `cnbci ar`jir toft nits y`u bcvist bc f w`rnk `h abd bkifs.
[obs ciw wfy `h bcvistbcd fnn`ws toi bcvist`r t` flt `c obs bkifs, ainbihs, fck
bcsbdots ay turcbcd toie bct` f e`tbh - fc bctinnbdictny wibdotik afsjit `h up t`
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =?
=; Jnfrcf
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
\bepnbhybcd Auybcd
N`lftik7
\t`ljo`ne, \wikic
Rifr H`uckik7
1==9
Jiy ]i`pni7\iafstbfc \biebftj`wsjb, CbjnfsFkfnairto fck Xblt`rGfl`ass`c
Tiasbti7
www.jnfrcf.l`e
\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
[rfcsfltb`cfn sirvblis
Jnfrcf bs `ci `h Iur`pis nifkbcd pr`vbkirs `h pfyeict s`nutb`cs h`r i-l`eeirli.
Jnfrcf sipfrftis auybcd hr`e pfybcd ay fnn`wbcd auyirs t` pfy h`r `rkirik d``ks
fhtir rilibvbcd toie, pr`vbkbcd toie wbto f sfhi fhtir-kinbviry pfyeict s`nutb`c.
Jnfrcf fns` fssueis fnn lrikbt fck hrfuk rbsj h`r i-st`ris, pr`vbkbcd fssurfcli t`sinnirs toft toiy wbnn fnwfys rilibvi pfyeict.
Jnfrcfs vbsb`c bs t` icfani trust fck t` `hhir f hrbltb`cniss auybcd ixpirbicli t`auyirs fck sinnirs flr`ss toi w`rnk.
\ua-bckustry kbsruptb`c
Jnfrcfs prbefry sinnbcd p`bct bs toft bt fnn`ws l`csueirs t` auy d``ks bc toi sfei
wfy fs toiy k` bc arbljs-fck-e`rtfr ritfbnirs - fnn`wbcd toie t` sii fck hiin toibrd``ks aih`ri purlofsi.
Bt k`is tobs ay ixtickbcd lrikbt t` so`ppirs fck fnn`wbcd toie t` pfy fhtir toiyrilibvi toibr d``ks, fnn`wbcd toie t` riturc d``ks aih`ri aibcd lofrdik.
Jnfrcf fns` fnn`ws usirs t` pfy usbcd `ci lnblj, `htic riqubrbcd nbttni e`ri tofc fciefbn fkkriss fck pfssw`rk t` pr`liss pfyeicts.
Ay efjbcd wia pfyeicts hfstir fck ifsbir, Jnfrcf lnfbes eirlofcts dit f 1= t`
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi =2
=9 \qufri
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
Efjbcd L`eeirli Ifsy
N`lftik7
\fc Hrfclbsl`, LF, Y\F
Rifr H`uckik7
1==2
Jiy ]i`pni7Gflj K`rsiy, Gbe Eljinviy fck\frfo Hrbfr
Tiasbti7
www.squfriup.l`e
\qufri, Bcl. bs f cfclbfn sirvblis, eirlofct sirvblis fddridft`r fck e`abnipfyeicts l`epfcy.
[oi l`epfcy efrjits sivirfn s`htwfri fck ofrkwfri pr`kults fck sirvblis,bclnukbcd \qufri Qidbstir, \qufri Qifkir fck \qufri @rkir
Ysbcd f hrii lrikbt lfrk rifkir `c toibr b@\ fck Fckr`bk kivbli, \qufri Qifkir
fnn`ws fcy`ci t` fllipt lrikbt lfrks fcywoiri, fcytbei h`r f n`w trfcsfltb`c rftipir swbpi fck c` obkkic hiis.
\qufri Qidbstir bs f hunn p`bct-`h-sfni systie toft fnn`ws ausbcissis t` flliptpfyeicts, efcfdi bties fck sofri eicu fck n`lftb`c bch`reftb`c.
\qufri @rkir nits pi`pni pnfli `rkirs h`r pbljup hr`e n`lfn ausbcissis id. so`psfck ristfurfcts.
\ua-bckustry kbsruptb`c\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
[rfcsfltb`cfn sirvblis
\qufri fbes t` sbepnbhy l`eeirli tor`udo tiloc`n`dy. Auybcd fck sinnbcd so`unk
ai sbepni.
\qufri Qidbstir fnn`ws bckbvbkufns fck eirlofcts bc toi Ycbtik \tftis, Lfcfkf,fck Gfpfc t` fllipt `hbci kiabt fck lrikbt lfrks `c toibr b@\ `r Fckr`bksefrtpo`ci r tfanit l`eputir.
[oi fpp supp`rts efcufnny ictirbcd toi lfrk kitfbns `r swbpbcd toi lfrk tor`udo
toi \qufri Qifkir, f sefnn pnfstbl kivbli woblo pnuds bct` toi fukb` gflj `h fsupp`rtik sefrtpo`ci `r tfanit fck rifks toi efdcitbl strbpi.
@c toi b]fk virsb`c `h toi \qufri Qidbstir fpp, toi bctirhfli risieanis ftrfkbtb`cfn lfso ridbstir.
[oi Efc To` Efki toi Lfso Qidbstir @as`niti Bssbi Nfp`wsjy vbf Bcl.l`e
http:///reader/full/www.squareup.comhttp:///reader/full/www.squareup.com8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi 6=
=8 Nickbcd Lnua
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
Aittir Qftis. [`ditoir.
N`lftik7
\fc Hrfclbsl`, LF, Y\F
Rifr H`uckik7
1==8
Jiy ]i`pni7Qicfuk Nfpnfcloi, \l`tt\fca`rc fck Lfrrbi K`nfc
Tiasbti7
www.nickbcdlnua.l`e
\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
Qitfbn afcjbcd
Nickbcd Lnua bs toi w`rnks nfrdist piir-t`-piir nickbcd pnfth`re.
Bt `pirftis f piir-t`-piir nickbcd wiasbti h`r pirs`cfn n`fcs.
[oi l`epfcy fssissis fppnblfcts rbsj fck nits bcvist`rs nick kbriltny t`bckbvbkufns `r sprifk toibr e`ciy flr`ss f cueair `h n`fcs. A`rr`wirs fri
lofrdik fc `rbdbcftb`c hii `h 6%-9% (kipickbcd `c lrikbt rbsj) fck lrikbt`rs f
sirvbli hii iqufn t` 6% `h toi n`fc fe`uct.
\ua-bckustry kbsruptb`c
Nickbcd Lnua `hhirs `cnbci afcjbcd woiri bcvist`rs nick kbriltny t` bckbvbkufns.
Nickbcd Lnua stfrtik wbto `ci sbepni ebssb`c7 t` lrifti f e`ri ihlbict,trfcspfrict fck lust`eir-hrbickny fntircftbvi t` toi trfkbtb`cfn afcjbcd systietoft `hhirs lrikbtw`rtoy a`rr`wirs n`wir bctirist rftis fck bcvist`rs aittir
riturcs.
Nickbcd Lnuas pnfth`re ofs toi p`tictbfn t` pr`h`uckny trfcsh`retrfkbtb`cfn afcjbcd `vir toi cixt kilfki. Nfrry \ueeirs, 46st \ilritfry `h toi [rifsury `h toi Ycbtik \tftis `h Feirblf
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi 66
=4 @cKilj
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
Ausbciss N`fcs Tbto`ut [oiOurknis
N`lftik7
Ciw R`rj, Y\F
Rifr H`uckik7
1==4
Jiy ]i`pni7Ebtlo Gfl`as, C`fo Arisn`w,Gfeis O`as`c fck O`wfrkJftzicaird
@cKilj pr`vbkis n`fcs t` sefnn ausbciss `wcirs tor`udo bts tiloc`n`dy pnfth`re.
@cKiljs bcc`vftbvi tiloc`n`dy pnfth`re nivirfdis iniltr`cbl bch`reftb`cbclnukbcd `cnbci afcjbcd fck eirlofct pr`lissbcd kftf t` bkictbhy toilrikbtw`rtobciss `h sefnn ausbcissis bc ebcutis.
[oi l`epfcys tiloc`n`dy pnfth`re nivirfdis iniltr`cbl bch`reftb`c bclnukbcd
`cnbci afcjbcd fck eirlofct pr`lissbcd kftf t` bkictbhy lrikbtw`rtobciss`h ausbciss. Bt `hhirs ristfurfct, kictfn, dr`liry st`ri, bcvict`ry, ausbciss
iqubpeict, fck lfso `w n`fcs.
[oi l`epfcy fns` pr`vbkis eikblfn, ristfurfct, ausbciss ixpfcsb`c, fck w`rjbcdlfpbtfn cfclbcd sirvblis.
\ua-bckustry kbsruptb`c
Tiasbti7
www.`ckilj.l`e
\tfhh7
\bzi7
$ $ $ $ $
\pilbfnbsftb`c7
N`fcs
\efnn t` Eikbue ausbcissis (\EAs) k`ct ofvi cfcli kipfrteicts `r toiixpirbicli toft w`unk dicirfnny efji toie fttrfltbvi t` nickirs.
Flliss t` lfpbtfn h`r toisi ausbcissis bs kbhlunt ailfusi afcjs trift ausbcissn`fcs bc toi sfei wfy toiy k` pirs`cfn n`fcs, usbcd toi ausbciss `wcirs pirs`cfn
lrikbt sl`ri fs toi efbc lrbtirbf bc ivfnuftbcd toi ausbciss lrikbtw`rtobciss.
[riftbcd \EAs fs bckbvbkufn a`rr`wirs, fs `pp`sik t` ivfnuftbcd toi lrikbt
p`tictbfn `h toi ausbciss btsinh, `htic nifks t` rigiltb`c `r `wcirs `cny aibcd fanit` rfbsi f p`rtb`c `h toi e`ciy toiy ciik t` dr`w toibr ausbciss.
Ti bcvistik bc @c Kilj ailfusi wi ainbivi bc toi tifes dfei-lofcdbcd vbsb`c, str`cd tfnict fck kbsruptbvi tiloc`n`dy Jfrbe Hfrbs, dicirfn pfrtcir ft D``dni Xicturis
http:///reader/full/www.ondeck.comhttp:///reader/full/www.ondeck.com8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
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[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi 61
=? A`rr`
Ft F Dnfcli L`epfcy kislrbptb`c
[fdnbci7
Ycn`lj toi Xfnui hr`e R`ur]irs`cfn Fssits
N`lftik7
N`ck`c, YJ fck CR, Y\F
Rifr H`uckik7
1==?
Jiy ]i`pni7]fun Fbtjbc, G`cfto`c Fnarbdotfck ]fun Fbtjbc
A`rr` bs f YJ-Y\ `cnbci nickir pr`vbkbcd so`rt tire n`fcs t` lnbicts bc ciik `hhfst flliss t` lfso.
[oisi n`fcs fri silurik fdfbcst l`nnftirfn fck pirs`cfn fssits sulo fs ci frts,fctbquis, giwinniry, nuxury wftlois, pristbdi fck lnfssbl lfrs, ci wbci fck e`ri.
]i`pni efy ofvi vfnufani d``ks aut c`t ic`udo lfso lfpbtfn t` efji f lirtfbc
bcvisteict, ofckni ucixpiltik ixpicsis, itl. A`rr` fnn`ws toisi bckbvbkufns t` k`s`. [oi pr`liss lfc ai l`epnitik ictbriny `cnbci fck cbsoik wbtobc 1; o`urs.
A`rr`s typblfn lnbicts bclnuki sefnn ausbciss `wcirs wbto lfpbtfn bssuis, pr`pirty
kivin`pirs fck cfclbfn trfkirs wo` sii bcvisteict pp`rtucbtbis.
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Tiasbti7
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N`fcs
Ft f tbei woic sefnn res l`ctbcui t` l`epnfbc toft afcjs fri ucwbnnbcd t` nick,pfwcar`jirs flr`ss toi YJ fri rip`rtbcd rbsis bc toi cueair `h ausbciss pi`pniriquistbcd h`r so`rt-tire n`fcs.
A`rr` sfys bt ofs siic f ;9% rbsi bc sefnn ausbciss lust`eirs `vir toi pfst sbxe`ctos fn`ci.
H`r toi rst torii e`ctos `h 1=6; YJ tiloc`n`dy bcvisteict duris guep t` 9
8/10/2019 KPMG 50 Best Fintech Innovators Report 2014
13/65
[oi 9= Aist Hbctilo Bcc`vft`rs Qip`rt | ]fdi 6