The fintech revolution & the end of banking as we know it…
The Information Revolution is transforming society. We have gone from a world in which information was scarce to one in which it is abundant. All of the institutions we currently have – parliaments, governments and large corporations – were designed for a world with scarcity of information. But today, information is freely available. This is making our existing social institutions ill-suited to the new world.
We have come a long way since the birth of the public internet. Data can now be distributed to anyone, anywhere and on any device. This ecosystem has levelled the playing field giving everyone both power and a voice. Technology has allowed us to connect to each other through social networks such as Facebook and Twitter and enabled us to collaborate economically through sharing platforms such as Uber, Airbnb & Slack.
The digital revolution has encouraged innovation across industries and yet the financial industry has been surprisingly immune to disruption. The crash of 2007-2008 defined a new era for Finance as it emphasized the inefficiency of the banking system. Technology offers us the opportunity to create a platform that can re-connect the world of Finance with everyone in society. By democratizing access to financial information we can each begin to manage our own money and to shape our own financial destiny.
At Invstr we believe that when we gather diverse, empowered people together, it is possible to achieve far more than we can on our own. For us, invstr is about achieving three things:
- Putting financial information and power in all our hands
- Educating and empowering each of us to be as great as we can be
- And then uniting us and helping us collaborate so that we can be even greater still
Want to learn more about the markets and how to become a better investor?
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