Finance: The fintech ecosystem explained

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We’ve entered the most profound era of change for financial
services companies since the 1970s brought us index mutual funds,
discount brokers and ATMs. No firm is immune from the coming disruption and every
company must have a strategy to harness the powerful advantages of the
new fintech revolution.

The battle already underway will create surprising winners
and stunned losers among some of the most powerful names in the
financial world: The most contentious conflicts (and partnerships) will
be between startups that are completely reengineering decades-old
practices, traditional power players who are furiously trying to adapt
with their own innovations, and total disruption of established
technology & processes:

  • Traditional Retail Banks vs. Online-Only Banks:
    Traditional retail banks provide a valuable service, but online-only
    banks can offer many of the same services with higher rates and lower
    fees

  • Traditional Lenders vs. Peer-to-Peer Marketplaces:
    P2P lending marketplaces are growing much faster than traditional
    lenders—only time will tell if the banks strategy of creating their own
    small loan networks will be successful

  • Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment
    offer lower fees, lower minimums and solid returns to investors, but
    the much larger traditional asset managers are creating their own
    robo-products while providing the kind of handholding that high net
    worth clients are willing to pay handsomely for.

As you can see, this very fluid environment is creating
winners and losers before your eyes…and it’s also creating the potential
for new cost savings or growth opportunities for both you and your
company.

After months of researching and reporting this important trend, Sarah Kocianski, senior research analyst for BI Intelligence, Business Insider’s premium research service, has put together an essential report on the fintech ecosystem
that explains the new landscape, identifies the ripest areas for
disruption, and highlights the some of the most exciting new companies.
These new players have the potential to become the next Visa, Paypal or
Charles Schwab because they have the potential to transform important
areas of the financial services industry like:

  • Retail banking

  • Lending and Financing

  • Payments and Transfers
  • 
Wealth and Asset Management

  • Markets and Exchanges

  • Insurance

  • Blockchain Transactions


If you work in any of these sectors, it’s important for you
to understand how the fintech revolution will change your business and
possibly even your career. And if you’re employed in any part of the
digital economy, you’ll want to know how you can exploit these new
technologies to make your employer more efficient, flexible and
profitable.

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(BII)

Among the big picture insights you’ll get from The Fintech Ecosystem Report: The Emerging Technologies and Firms Driving Change in Financial Services and How Legacy Players Can Navigate The Disruption:

  • Fintech investment continues to grow. After landing at $19 billion in total in 2015, global fintech funding had already reached $15 billion by mid-August 2016.
  • The areas of fintech attracting media and investor attention are
    changing. Insurtech, robo-advisors, and digital-only banks are only a
    few of the segments making waves. B2B fintechs are also playing an
    increasingly prominent role in the ecosystem.
  • It’s not all good news for fintechs. Major
    hurdles, including customer acquisition and profitability, remain. As a
    result, many are becoming more willing to enter partnerships and adjust
    their business models.
  • Incumbents are enacting strategies to ensure they remain relevant. Many
    financial firms have woken up to the threat posed by fintechs and are
    implementing innovation strategies to stave off disruption. The majority
    of these strategies involve some interaction with fintech firms.
  • The relationship between incumbents and fintechs continues to
    evolve. Fintechs are no longer viewed exclusively as a threat, nor can
    they be ignored. They are increasingly viewed as partners, but that
    narrative alone is too simple — in reality, a more nuanced connection is taking hold.

This exclusive report also:

  • Assesses the state of the fintech industry.
  • Gives details on the drivers of its growth.
  • Explains which areas of fintech are gaining traction.
  • Outlines the range of current and potential models for fintech and incumbent interaction.

The Fintech Ecosystem Report: The Emerging Technologies and Firms Driving Change in Financial Services and How Legacy Players Can Navigate The Disruption is how you get the full story on the fintech revolution.

To get your copy of this invaluable guide to the fintech revolution, choose one of these options:

  1. Subscribe to an ALL-ACCESS
    Membership with BI Intelligence and gain immediate access to this report
    AND over 100 other expertly researched deep-dive reports, subscriptions
    to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this
report, you’ve given yourself a powerful advantage in your understanding
of the fast-moving world of financial technology.

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