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Capstone: FinTech to the Rescue? [Shared]

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Ali Alatas

on 8 March 2017

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Transcript of Capstone: FinTech to the Rescue? [Shared]

SMEs
Financing Challenges
FinTech to the Rescue?
The
Dynamic Feedback

Loop
Lending Solution for Small and Medium Sized Enterprises
Small Businesses - The
Engine
of The Economy
Can FinTech Rescue Small Businesses?
!
But FinTech has its own problem:
Complex Financial Regulation
COMPLIANCE
OVERLOAD
IT
AND
FinTech Needs a Voice
Our Solution: The
Dynamic Feedback Loop

tool
Dynamic Feedback Loop
Leveraging ARTIFICIAL INTELLIGENCE
Dynamic Feedback Loop
The Aggregated Voice of FinTech Innovators
Dynamic
Feedback
Loop
Historically,
two-thirds
of
new jobs
from

small businesses.
Studies show
small businesses
contribute significantly to the
economic well-being
of communities.
The number of
new small businesses

has
fallen

by 20%

over the last 30 years.
53%
have applied for credit lines in the last 5 years.
20%
of applicants were
turned down
26%

avoided business expansion
due to repeated financing failure
45%
were
turned down
more than once
Lack of traditional capital gives rise to FinTech enabled alternative/on-line funding.
Pain points
:
Credit and Working Capital
U.S. Financial Regulatory Structure, 2016
Global financial regulation ballooned after the 2008 financial crash.

Regulatory changes
increased 492%
between 2008 and 2015
.

Heavy regulation can
hinder innovation
.

Every new rule requires interpretation.

IT systems
aren't designed to interact
- data is often kept in different formats, and collating
data heavily manual
task.
While compliance solutions that
can

handle
these problems
are increasingly available
, upgrading or replacing existing systems is time consuming,
complex, and expensive
.
The
Regulation
Table
Small
FinTech
Companies
We will
position ourselves between the regulators and small FinTech Companies
REGULATIONS
Dynamic Feedback Loop
AI/NLP enabled Tool
Small
FinTech
Companies
Extraction of metadata
“Understanding” of content
Identification of specifically named entities
Responding in Real Time
Necessary
To the Regulators
Powerful
Simple
On the Record
We are looking for strategic partners to help build out this game-changing innovation
Are you in?
Contact:

MIT FinTech Capstone Project 163
Lynn Bromley, Group
Divakar
Mark J. Happe
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Full transcript