Chinese companies and the insurance sector are picking up on opportunities The world has been transformed in the year since the Financial Times launched its Future of Fintech awards. But while the Brexit vote in the UK and Donald Trump’s election as US president have dominated the news, the world of financial technology has also gone through big changes. Regulators in Europe and the US are pressing ahead with rules to force incumbent banks to open up the data they hold on customers to third parties, including fintech companies. This push towards “open banking”, although viewed with some misgivings by the incumbents, should create new opportunities for both start-ups and more established fintech businesses.

https://www.ft.com/content/4547ba76-08e2-11e7-ac5a-903b21361b43