Jouko Ahvenainen
Jouko Ahvenainen is a serial-entrepreneur and Co-Founder of Grow VC Group, a holding entity including over 10 companies, a pioneer in digital finance, fintech and data analytics solutions. Jouko started his work with digital finance and fintech models in 2008 and listed world-class influencer. He participated in changing US finance regulation, getting the Senate and President to allow JOBS Act and has worked with EU and Asian finance regulation.
Cryptocurrencies and related distributed technologies need a proper ecosystem to become a significant and meaningful part of the finance ecosystem Blockchain, ICOs and digital securities (e.g. cryptocurrencies) have become the new kids on the finance block – and of course opinion is divided. Some believe they will take over the entire finance industry in a […]
FinTech is disrupting the finance industry to the point where we’re likely to see quite a bit of M&A activity as a result. That activity could take several different forms, but one likely possibility is that FinTech or tech companies could acquire traditional finance names. It appears the transition for banks to really utilize FinTech […]
A banker asked me, do I really believe fintech can change the banking business. I told him, let’s think about a typical bank account, its user gets one salary payment, pays a few bills and handles some card transactions each month, do you really need one-billion-dollar IT systems, 10,000 people and hundreds of branches to […]
In many industries – such as airlines, retail, and media – disruption has been linked to new low-cost, almost commodity-type services. Southwest Airlines and Ryanair paved the way for low-cost flights, online news has become a commodity, and retail chains like Walmart, Aldi and Lidl have created a new cheap-prices-always category. The common theme is: […]
We need new solutions for collecting and using data that strikes the right balance between consumer benefits and control over their own data. I was looking for the opening hours of a local supermarket in San Francisco from Google Maps. When I found them, Google also told me an interesting additional detail: “You visited this […]
You have probably heard stories about how data analytics changes the whole customer experience, and how a store can personalize everything for you. The go-to example was Tesco, which was the role model for loyalty programs and customer analytics – until it encountered serious issues in its business and started to lose market share to […]
I was at an event recently where alternative finance companies introduced their services. There were many new finance solutions for lending, real estate, investing and short-term finance. These companies explained how they have built their own platforms, have handled some finance (millions or dozens of millions), and are now looking for more investors. After witnessing […]
The traditional finance industry seems unprepared for digital disruption. The experience of the newspaper business could teach banks a thing or two. Amazon announced recently that its lending business is gaining momentum – in the last 12 months alone, it has issued $1 billion in loans in the past year to merchants that sell on […]
Telcos and banks struggle with delivering a good customer experience despite being competitive markets. Michael Porter’s competition analysis model could explain why. I was in Italy and needed mobile data, as I was without a broadband connection. I bought three SIM cards, never got exactly what was promised and one sales person even refused to […]
Crowdfunding emerged a few years ago with many promises to help to raise capital for startups, make the investment market more democratic, and make the whole market more effective. It has created a new market, not only for startup funding, but for real estate and later-phase private companies. At the same time, FinTech might have […]
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