According to McKinsey Panorama, almost 80% of financial institutions have entered into fintech partnerships. However Fintech covers a range of different models.
• New entrants, startups, and attackers – seeking to disrupt established markets.
• Incumbent financial institutions -- investing to improve performance, address threats.
• Ecosystems orchestrated by large technology companies – E.g. Alibaba
• Infrastructure providers – selling services to fin institutions to improve risk management and customer experience
Download the McKinsey paper on emerging trends in FinTech space to read more!
