The on demand stack...implications for Financial Service disruption can be significant...as the risk appetite for on demand are low. We expect biggest in Supply Chain Finance, Consumer/SME Lending, and Mortgages. Also instant access to a current account is still poor
This is an unprecedented time in technology platforms and deployment. One of the biggest consumer trends to emerge from the SF Bay Area is the idea of “The On-Demand Economy.” Lately, the space has gotten so hot (and some may label it frothy, even), that the term “on-demand” has been loosely used to describe an even larger phenomenon — order everything from your phone, even if it’s not truly “on-demand.” As a result, while the phrase “on-demand” sticks, I like to point out there are two types of species in this genus: (1) services which are truly on-demand, like Uber, Lyft, and Postmates, where users demand a good/service, which then triggers the system to fulfill that demand; and (2) services which allow the consumer to transact by phone, but the service is delivered at a scheduled time, like Instacart
