Fintech Distinctions,  Global Trade  and Strategic Alliances

Much is made today of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term distinctions. Here are a few from Wikipedia:

"The interaction form can either be Business-to-Business (B2B) Business-to-Business (B2B) Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturin Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturin Read this Term), business-to-consumer (B2C) or consumer-to-consumer (C2C). An example are social trading solutions for C2C."

Interaction is used to distinguish the forms of Fintech. My principal concern is which form of Fintech will dominate interaction in global trade. At stake is engagement in a market whose flows will total $85 trillion by 2025. An $85 trillion market creates a lot of economic growth and a lot of jobs.

The orthodox do not consider e-commerce to be a global trade solution. Global trade in the legacy view is the province of multinational banks, insurance companies and multilateral trade finance and guarantee agencies. This is where the orthodox are wrong! Economies are led. They do not by themselves reach escape velocity by thinking within the box to which politicians, oligopolists, monopolists, autocrats, bureaucrats, plutocrats and other crats have by fiat confined them.

Economies are led

Battles, like chess and Go matches, are not won because iterations and interactions conform to a preset plan. They are won because a great general trains and motivates troops to such a pitch of morale and adaptability that they can react, adapt and overcome the challenges presented both on the board and on the battlefield. There is no such thing as bad troops, only bad generals. The difference is created by leadership.

Napoleon sketched out how the battle of Austerlitz would unfold. His sketch of the battle still exists in a German museum and evidences the fact that the "Battle of the Three Emperors" played out almost exactly how he imagined it would.

Thomas "Stonewall" Jackson is credited in one of his biographies as being able to graphically foresee the battlefield as well as how the ensuing battle would evolve, because of optics. Jackson taught optics and yet did not possess the mathematical skills to do so. He therefore memorized the complicated optics lessons in order to instruct in them. It is postulated that the U.S. Civil War general could similarly memorize not only the geography of the battlefield but how the ensuing battle upon the battlefield, would evolve.

These lessons about Napoleon, Jefferson, chess and Go masters, teach us that evolving scenarios in areas as complex as battle and as fintech, can be imagined, can be extrapolated.

So it is with global trade. E-commerce will dominate global trade. It will not do so in its present form. Strategic alliances with banks, logistics, legal, regulatory, compliance, KYC, credit evaluation, insurance, ECA and ECI services must first be established in order to create 'full-service E-commerce'. Strategic alliances has been achieved with stranger bedfellows. If it can be imagined, it can be achieved.

I imagined it.