Fintech is one of the most popular topics in the world right now, and most people believe with the development of Fintech, there will be a huge change in almost every industry like banking, mobile payment apps, and so on so forth. Before reading this article, I think the regulation would be the biggest problem for Fintech to be more influential in our lives. However, interestingly, this article states reasons why Fintech is falling.
As a matter of fact, all reasons are related with finance field. Everyone from online lenders to bank technology companies has experienced elongated fun-raising cycles, missed targets and mounting losses. According to the article, one of the reasons why Fintech is falling is that there is contradiction between Fintech and finance. Since finance is a kind of slow-moving sector, but Fintech is fast. In addition, most companies are looking at short-term growth which means they do not focus on the innovation. It causes problems and risks to Fintech. Last but not least, most companies hate to change. This is a big problem that influence the evolution of Fintech, since it is costly and time-consuming for companies to adopt Fintech and change their systems which has been running for many years.
http://www.forbes.com/sites/chrismyers/2017/02/07/3-reasons-why-fintech-is-failing/#65eebb727b6b