DISRUPTIVE
INNOVATION
PAGE 10
iNM Volume - 9
DISRUPTIVE INNOVATIONS IN
THE FIELD OF FINANCE
“
THE BEST WAY TO PREDICT THE FUTURE IS
TO INVENT IT ALAN KAY
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”
SIVA SHANMUGAM TS
BIM TRICHY
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Faster transactions and settlements have
taken businesses to a whole new level This is
because of the innovations that have drastically
changed the way we transact The core needs
fulfilled by the financial services haven t changed
but their execution have speeded up Disruption will
not be a one time event rather there is a continuous
pressure to innovate that will shape customer
behaviours business models and the long term
structure of the financial services industry Saying
that one can expect rapid innovations to take place
at a much faster pace in the future Some functions
of finance have been taken up to explain the
innovations that have taken place in detail
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Abstract
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Right from paying telephone bills to
banking our core needs haven t changed but
the speed at which we transact has
drastically changed with the help of new
technology But the privacy that was
prevalent has also vanished as each person
using newer technologies in finance is
exposing his personal and financial details to
the rest of the world For a moment we will
avoid the flipside and look at how these
innovations have changed our lives for better
This article is about the Innovations in
different functions of finance and what
impact has it caused till today
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1 Capital market
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High frequency trading has grown
substantially over the past 10 years estimates show
that it accounts for roughly 55 of trading volume in
U S equity markets and about 40 in European
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%
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%