Chapter 17: Doomed Like Dinosaurs

Around 65 million years ago the extinction of the dinosaurs started. 200 years later the dinosaurs were gone. It is still uncertain what precisely triggered the short- taken die-off of the dinosaurs. What is undisputed, however, is that the rather sudden change of environmental conditions caused the extinction of this species. The dinosaurs simply did not have enough time to adjust to the new environment by evolution.

Several trends that fuel the development of FinTech have the potential to alter the business environment for asset managers as sudden and as dramatically as it happened to the dinosaurs. Those trends are client unhappiness, demographic and societal shifts, and technology.