[EDITOR’S NOTE: Friend of the Rum Rebellion, Ryan Dinse of Exponential Stock Investor, has been conducting some really interesting research into the disruption of the Aussie banking sector. Whether it’s in blockchain, mobile payments or peer-to-peer lending…it appears the Big Four banks’ easy ride is ending. We’re soon going to be living in a whole new world of decentralised, technology-driven finance. Below Ryan shows how you should invest for it…] |
Dear Reader, Australia’s big banks are walking around with a big target on their backs. Why? Because they are amongst the most profitable in the world. So it’s no surprise that the world’s fastest growing fintechs are keen to have a crack at them. I’ve outlined three small ASX listed disruptors here. But let’s look at flashy international upstart, Robinhood. It’s a US$7.6 billion US share trading platform with six million customers — and they’re coming to Australia soon. They offer commission-free share trading from a very easy to use smartphone app. How will Aussie share brokers compete against that? UK challenger bank Monzo is also looking to come to Australia. The four-year-old digital bank is already valued at over two billion pounds and expects to hit three million customers very soon. So who’s joining Monzo? As reported in The Guardian: ‘In its home market, Monzo is particularly popular among millennial customers with a strong following among 20 to 35 year olds, mostly in Britain’s south-east. Just over a third of Monzo’s customers are aged 25 to 31 and every customer is issued a banking card in coral pink, to make them highly visible when used at the bar or coffee shop.’ It’s that younger generation again. But it’s not just a generational thing that the establishment banks have to grapple with. It’s the convergence of a number of important factors. New tech, regulatory change, political will, customer behaviour…it’s all coming together to create a banking big bang that will change banking forever. Which just leaves the big question: Are you going to profit from all this? If you’d like to, you’re in luck. I show you exactly how to give yourself the opportunity to do it here. Regards, Ryan Dinse, Editor, Exponential Stock Investor |