THE FINTECH ECOSYSTEM REPORT: Measuring the effects of technology on the entire financial services industry
TAGS: Bitcoin | Blockchain | Banking | Fintech | Markets | BI Intelligence | Payments | Coinbase | TransferWise | Ripple | PayPal | Square | Dwolla | Stripe | Lending | Wealth management | Insurance | Exchanges | Venmo | Apple Pay | Samsung Pay | Android Pay | Xoom | Klarna | Adyen | Lending Club | OnDeck | Funding Circle | Betterment | Wealthfront | LendingRobot | Moven | Ally Financial | Atom Bank
In this report, BI Intelligence assesses the state of the global fintech industry, highlights the drivers of its growth, outlines the areas of fintech that are coming to the fore, and explains the different models that are emerging as the relationship between fintechs and incumbent financial services firms evolves.
Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital interfaces. Given how pervasive financial services are across the globe, the disruption opportunity for fintech startups is massive.
Almost every type of financial activity — from banking to payments to wealth management and more — is being re-imagined by startups, some of which have garnered blockbuster investments. Meanwhile, the old guard is trying to solve a puzzle presented by the fintech revolution: How can they benefit from the rise of digital, and how can they avoid obsolescence?
Here are some of the key takeaways from the report:
Companies mentioned in the report include: Lending Club, Stripe, Square, Apple, JPMorgan Chase, Goldman Sachs, TransferWise, China Rapid Finance, Lufax, OnDeck, Dwolla, PayPal, Adyen, Simple, Ally, Betterment, Wealthfront, Vanguard, Fidelity, Charles Schwab, Oscar, Azimo, Klarna, Atom Bank, and more.
Interested in getting the full report? Here are two ways to access it:
In full, the report:
California Bans Bitcoin Donations in Political Campaigns
Candidates running for public offices in the U.S. state of California may not receive donations in cryptocurrencies, according to a new ruling from the state's political watchdog.
The Associated Pr
SEC’s ETF Notice Strengthens Bitcoin Market Position
Most recent notifications by the US Securities and Exchange Commission (SEC) about crypto-based ETFs had negative effects on the market. However, its latest notice in which the SEC turned the table to
Singapore Central Banker: No Securities Crypto Token Approved To Date
The Monetary Authority of Singapore (MAS), the city state's de-facto central bank, highlighted in interview today that no tokens representing securities have been approved to date.
During a firesid
Crypto Exchange Zaif Hacked In $60 Million Bitcoin Theft
Yet another Japan-based cryptocurrency exchange has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins.
The licensed exchange, called Zaif,
SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has begun proceedings to decide whether to approve a proposed bitcoin exchange-traded fund (ETF).
The SEC published an "
Enigma Delays Release of 'Discovery' Protocol on Ethereum Mainnet
Engima, the startup seeking to bring privacy to the world of public blockchains, is delaying the launch of its mainnet as part of a wider reworking of its developmental roadmap.
The company had pre
Just a Cycle? Big Bitcoin Miners Stay Positive in Face of Market Slump
Despite the downturn in the crypto markets so far in 2018, executives from several bitcoin mining firms have said this scenario has been seen before and they are not deterred by current low prices.
Quick Brew? BitFury's Coffee Machine Accepts Bitcoin Via Lightning Network
Blockchain firm Bitfury has come up with a novel product aimed to make it easier to pay for products with bitcoin.
To that end, a specialized engineering team within the company has developed a cof