Financial Services Platforms And Businesses Alternative to Banks

His current investor focus is on the digital financial services and fintech sectors is determined with the aim to take advantage of changes in consumer behaviour, advances in cloud-based technology, the growing power and availability of mobile devices, and the emergence of data science in order to offer those who don’t have access to traditional financial services and banks and undeserved, an alternative.

Finance and Banks - Oleg Boyko

International investor Boyko believes that consumers are being exposed to, and increasingly expecting, unparalleled speed and convenience from their financial service providers, and are demanding products and services that can be delivered anytime, anywhere, instantly and on their terms. Alternative financial services have been the first to respond these needs. Read more about Bank-Fintech collaboration.

Banking expert Oleg Boyko, Chairman and Founder of Finstar Financial Group, a private equity firm operating in Europe, the US, Asia, Latin America & the CIS, believes that changes in consumer behavior, advances in cloud-based technology, the growing power and availability of mobile devices, and the emergence of data science are challenging the business models of traditional financial institutions. Boyko also believes partnerships between FinTechs and banks will bring strategic value to both sides.

Oleg Boyko states that what matters most is the customer experience:

“Big Data, artificial intelligence, complex algorithms, mobile, and cloud computing, AdTech – it is all combining to create a revolution in the financial services sector. After this revolution financial services will be available to far more people than currently, in many more markets, be more affordable, be far better tailored to the individual consumer, and be an infinitely better, smoother, more convenient experience for customers.” — Oleg Boyko, Finstar

According to Boyko the future of financial services will not just be available to a wider reach of people than it currently serves, but it will be more affordable, be better tailored to the individual consumer, and be an infinitely better, smoother, more convenient experience for customers.

“Finstar`s philosophy of partnership brings strategic value and insight to early-stage and growth investments, allowing its companies to succeed in complex developing markets. We nurture the businesses we invest in, providing them with expert advice of the highest calibre. We also offer them the freedom to continue innovating and to grow at their own pace.

We have highly developed expertise at the HQ level, which allows us to serve as a centre of excellence, helping our portfolio companies navigate through the complex set of FinTech technologies and extract synergies from collaboration with our other portfolio businesses and market participants within our very strong network.” Oleg Boyko.