“Damned if You Do, Damned if You Don’t – the FinTech Revolution”


On January 23 , 1996, the first released version of the Java programming language with probably no notion how it was going to revolutionize the Financial Industry nearly 20 years later. Now financial companies have a platform to create technology while using big data to drive decision-making. Imagine Clark Kent from Superman for the first time ripping his shirt open exposing his large “S” symbol on his chest to expose the world to the truth while providing a solution. The Finance Industry today could be considered Clark Kent. Clark’s transformation into Superman is closely related to the Financial Technology (FinTech) Industry about reinventing lending options for stakeholders.

Shopping around for loans is easier than ever with the accessibility to smart devices and the infrastructure of the Internet. Lending is now just a click away for stakeholders being able to lease a home to buy, alleviating the financial pain of fixing your vehicle, or increasing your happiness from the love of a new puppy. Twenty years ago this would not have been possible because almost all processed loans went through banks with long and tedious processing times. FinTech companies have the opportunity to swim out of a red ocean traps (i.e., conventional approach to business) operating in a congested commodities market with lots of competition. Consumers have many financial needs (i.e., cars, homes, televisions, and engagement rings) without having the resources to afford the goods. When there is a need to be solved there is always a willing entrepreneur(s) to find a way to solve it.

[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]”FinTech companies have created strategies with unconditional success by forming uncontested market space by means of reconstructing market boundaries”[/pullquote]

FinTech companies have created strategies with unconditional success by forming uncontested market space by means of reconstructing market boundaries(Kim, & Mauborgne, 2005) for stakeholders, the company and its employees. A Blue Ocean Strategy exists when a new demand is created that offers strategic pricing, target costing, and all while navigating the all the regulatory hurdles. This is true for FinTech companies that have a niche demographic for specific products they offer and almost all FinTech companies are most likely encountering policy that was probably placed over 100 years ago in the aftermath of the Panic of 1907. There needs to be some sarcasm spread and more healthy debates or arguments about how far behind our national policy is on companies redefining and creating change.

Escher, 1957
Escher, 1957

This is my first blog post focusing on the FinTech. I am excited to bring my new learned knowledge about this industry and all the excitement it has to offer in my upcoming blog series called “Damned if You Do, Damned if You Don’t – the FinTech Revolution.” The title is acknowledging the deeply rooted compliance barriers that FinTech companies meet daily. FinTech companies have two options, (1) step up and challenge the things as they are and go down that challenging road experiencing the twists and turns.  (2) If you do not do any business, you won’t have any compliance risk. If you don’t get out of bed, you won’t get run over by a bus. Regardless which method you are “damned if you do and damned if you don’t.”

My new blog series will cover compliance topics in two sectors: (1) Finance and (2) Health Care.  Financial regulatory policies I am hoping to cover will be Dodd-Frank Act (2010), Regulation Z (Truth and Lending Act), Regulation M (Consumer Leasing Act) and Regulation E (Electronic Fund Transfer), and government agencies like the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB).



Please feel free to leave any useful comment that may add value!



Kim, W. C., & Mauborgne, R. (2005). Blue ocean strategy: How to create uncontested market space and make the competition irrelevant. Boston, MA: Harvard Business School Press.