What is Fintech?

"Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC Fintech Report

Fintech Growth

Driven by rapid urbanization, strong demand from millennials and favorable regulations, the global fintech industry is at an inflection point and set to drive major digital transformation in the financial services industry. 

The 2008 crisis is credited for the surge in fintech companies, as the focus of financials, particularly banks, shifted to comply with post-crisis regulatory developments and cost-cutting measures. 

Fintech companies appeared on the scene to fill this void, but, they later took off as standalone companies forming relationships with banks. 

Source: UBS

The Fintech Ecosystem

alex jimenez fintech@2x

$19B

Investments in fintech have grown exponentially, from $1.8B in 2010 to $19B in 2015.

$0B

$0B

$0B

$0B

$0B

$0B

2010

Source: CB Insights

2011

2012

2013

2014

2015

North America Consumer Bank Case Study

Current

Fintech Revenue

0%

$850B

2020

Fintech Revenue

0%

$1,050B

2023

Fintech Revenue

0%

$1,200B

Fintech Revenue

Traditional Revenue

Source: Citi Fintech Study 2015

"The revenue impact from digital disruption by fintech firms is peripheral today but is growing rapidly and will be substantial in the medium term"