The Manifesto

A New Financial Revolution Has Begun

The first one started in the late 1600s, when England adopted a set of financing techniques that had been developed in the Netherlands. These innovations included bills of exchange (aka checks), perpetual annuities issued by governmental authorities (aka bonds) and transferable shares of permanent ownership of companies (aka stocks). These practices, which came to embody the Financial Revolution, paved the way for Great Britain’s global ascendency over the next 100 years.

Today, thanks to the exponential rate of technological change, macroeconomic forces and new realities ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is under the gun.

Our team spends a lot of time trying to understand these changes and their impact on financial services customers and on the firms that comprise our industry. At times, it’s great fun to see how innovations are overthrowing legacy businesses and we are privileged to know several impressive start-ups doing a great job of upending the status quo. In other instances, we are concerned by Fintech’s impact on consumers, industry professionals and society.

If you share our interest in trying to make sense of the huge changes under way in financial services, then please consider joining us. And there’s no time to waste, because what we are witnessing isn’t some kind of garden-variety industry disruption. It’s a revolution.

Originally published at www.thefinancialrevolutionist.com.