WORLDVIEW: Opportunity knocks for banking evolvers after Fintech meteor hits sector.

Attending this week's Fintech conference in London took me back 20 years to a period of excitement, renewal and revolution – the early days of the Internet. Our amazing invention was going to sweep everything before it. I bet the farm on all the hype being fulfilled. It wasn't. But I wouldn't change that exciting ride for anything.

Fintech is where the Internet was in 1997. The conference I'm referring to is the  Innovate/Finance Global Summit, which was held over two days and attracted 2 000 participants from all over the world. Most of the companies featured are at most a couple years old. But, like those of us at First Tuesday meetings in the 90s, this new breed of innovators have the confidence of those who know they're changing the world.

It's hard to argue against them. The Blockchain is as revolutionary as the World Wide Web. But the most remarkable thing about technology that powers this new distributed ledgers is most start-ups are creating solutions designed to solve problems of the developing world. This focus is sure to trigger the leapfrog places like Africa have been waiting for.

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