Whether FinTech will dominate over banks?

whether-fintech-will-dominate-over-banks

According to the analysis from “Bain & Company” banks are losing clients and this situation becomes worse and worse every day. At the same time, fintech companies which offer innovate in the field of financial technologies turn banks into ordinary organizations. Many clients leave from banks and choose new technologies and services for loans, investments, insurance and credit cards.

The latest report of “Bain & Company” showed that more than 137 hundred consumers in more than 20 countries prefer new services and technology platforms like fintechs. That’s why classical banks pass to the second plan.

Often clients become prisoners in their banks. Approximately 29 percent of bank’s clients claim that they want to change bank but it’s hard to do for different reasons. If they are able to leave from their banks to other financial structures, they will do it. Presently there are a lot opportunities to stop being the prisoner of the bank.

Does it mean that fintechs will dominate in future? It’s quite possibly. Fintechs has very progressive and advanced technologies for purchasing of banking products through digital channels. It will become a commonplace in the world. Just look at China where fintechs prevail over the retail banking. In fact the mobile banking fallen in China and other countries repeat the same way; mobile banking has begun to slow in the Netherlands, the USA, the UK, India and South Korea.


Users choose more comfortable and attractive non-bank platforms and surveys confirm that routine banking interactions become rarer. For example, in China “WeChat” offers immediate loaning, “Alipay” also proposes a “tap and go” functionality regarding payments, personal savings and other financial transactions; this system is fully integrated with consumers’ daily social life. So, banks should focus on technologies and integrate innovations in their banking products.

A lot of banks understand necessity of digital technologies, but the migration to new models requires time, knowledge and finance. The biggest problem is to identify what kinds of needs customers have at the same moment and would have in the future. However, there are no rules for development when we talk about high-quality services for clients.

Information about fintechs is taken from http://www.finews.asia/

Breder Suasso to move offices headquarters as of September 25th 2015 to 300 Queen Street, Auckland New Zealand

Breder Suasso Headquarters New Zealand

Following to the board meeting held on September 16, 2015 at Breder Suasso headquarters, it was decided to relocate offices and operation of Breder Suasso Ltd to its new premises.

Extract from the published resolution is given hereafter.

RESOLUTION IN WRITING TO CHANGE THE REGISTERED OFFICE OF BREDER SUASSO LTD

TO LEVEL 11, 300 QUEEN STREET, AUCKLAND 1010

Having regard to

(a) the section 187 of the Companies Act 1993 reproduced hereafter;

187 Change of registered office

(1) Subject to the company’s constitution and to subsection (3), the board of a company may change the registered office of the company at any time.

(2) Notice in the prescribed form of the change must be given to the Registrar for registration.

(3) The change in the registered office takes effect on a date stated in the notice not being a date that is earlier than 5 working days after the notice is registered.

(b) the resolution in writing dated 29 June 2015 to change the number of Directors required for a quorum at a meeting of the Board of Directors of Breder Suasso Limited Decides, by this resolution in writing, that the Registered Office of Breder Suasso Ltd will be moved

from Level 2, Khyber Pass Road, Grafton, Auckland 1023 to Level 11, 300 Queen Street, Auckland 1010 as from 25 September 2015.

The new address of the Registered Office will be notified to the Companies Office and to the Registrar of the Financial Service Providers Register as soon as possible.

Breder Suasso is the first Financial Service Provider to use WebID – a cutting edge technology in AML procedures

WebID_Bredersuasso-1024x682

In order to enhance and comply with all AML / CFT regulations applicable to a financial institution providing high quality international services and to be always one step ahead, Breder Suasso Ltd has introduced a highly advanced system of passport authentification method and face recognition system powered by WebID Solutions Gmbh (https://www.webid-solutions.de/en/)

Thanks to WebID Solutions, Breder Suasso is now able to identify the client through a simple and swift online process. The client may now apply for an account remotely and get identified by video to check both his passport and it’s security features, and make sure that the face displayed on the passport matches with the individual showing up online.

A full description of the WebID Solutions process is available online. Video guide.

Breder Suasso is happy to be the first New Zealand Financial Service Provider to be equipped with this advanced mean of identification provided by WebID Solutions.

Latest post

Whether FinTech will dominate over banks?

Whether FinTech will dominate over banks?

According to the analysis from “Bain & Company” banks are losing client...
Breder Suasso to move offices headquarters as of September 25th 2015 to 300 Queen Street, Auckland New Zealand

Breder Suasso to move offices headquarters as of September 25th 2015 to 300

Following to the board meeting held on September 16, 2015 at Breder Suasso ...
Breder Suasso is the first Financial Service Provider to use WebID - a cutting edge technology in AML procedures

Breder Suasso is the first Financial Service Provider to use WebID - a cutt

In order to enhance and comply with all AML / CFT regulations applicable to...