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We have been following the growing number of ex-wall street executives who have become fintech investors and advisors over the past year. Most of these former bankers keep their stakes in areas which are close to home, such as lending and payments, and starting investing 2014 and onwards. Few investors, FinTech Collective in particular, have been earlier on in the game way before "fintech" was even a term.
Bank tech investing dropped off immediately after the 2008 financial crisis because the banks had to focus on other issues. Regulatory changes since then have forced banks to cut back on riskier ventures, such as trading, as well as the technology investments, like data analytics and electronic systems, that go with those activities. That opened the door to start-up development and the creation of products and services that threaten to upend the way traditional banks work.
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