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.
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In full, the report:
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