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The Economist has described the emergence of huge numbers of Fintechs as a Cambrian Explosion. Will this be followed by a Mass Extinction?
I am delighted to be joined on the show today to discuss this by a uniquely qualified individual who has a background in solid BigCos, has co-founded a successful Fintech and advises key government departments on UK Fintech including the current Blackett review on Fintech. This week she has been appointed as Head of Public Affairs and Marketing for GLI Finance. GLI Finance is an AIM listed company that both invests in AltFi vehicles (see above) as well as investing through their platforms.
Louise is also a woman and one who was showcased in Brummell magazine as one of the top 30 most inspirational women entrepreneurs in the City. So we warm up the show with the angle of women in Fintech – there ain’t many and the social narrative is rather PC these days. I see three threads at play here. First what I experienced as the “70s narrative” of equality of identity; then the narrative (to which we all subscribe) of equality of opportunity; but more recently and a little perniciously perhaps a third of equality of outcome. This last can (ironically) get unwittingly sexist – so for example one sees plenty of calls for more women in tech – but I have never seen many calls for more men in social media – whats that about then? 😀
Louise talks about five challenges, or vice versa five guiding principles for avoid the Mass Extinction of UK Fintech plc (we will have masses of extinctions at the startup level of course purely as so many startups die off anyway).
Around these challenges we touch on Continue reading