Prospective Fin-Tech of Colombian Banks from the Big-Tech (GAFA + M; BAT + H)

Abstract

The article is aimed at considering the picture that awaits Colombian banks with regard to the clear competition scenario that will have for them the consolidation of large Technology firms as financial services providers. These are not just companies with applications, it is opening up the possibility for multinational such as Google (G), Apple (A), Facebook (F) and Amazon (Az) together with Microsoft (M), while Baidu (B), Alibaba (Ali), Tencent (T) + Huawei (H) end up reorienting the international banking system through the Technological Equipment Offering (OET). The article methodology makes use of the exploratory, descriptive and explanatory methods linked to this process, while the methodology, responds to the finding foundations of Fin-Tech and Big-Tech. The tour of the presentation goes first through the way the Fin-Tech and Big-Tech are unfolding. Second, on the perspective faced by Colombian banks with uninfition competition from the large technological emporiums, and third, the forward-looking review from which banks will have to act to reconfigure their activities based on financial technological equipment more not the traditional banking business himself.