| How fintechs are becoming an integral part of the financial services landscape... Hi there,
We're really excited about the release of the latest annual edition of The Fintech Ecosystem Report. This newest version includes critical shifts in the fintech universe, delves into the fintech regulatory landscape around the world, and analyzes the evolution of insurtech, regtech, and personal finance management.
These are the key points covered in the report:
- The fintech industry is no longer a distinct entity from traditional financial services. Virtually every incumbent financial institution (FI) is now engaging in an innovation drive, spurred on by competition from tech-savvy startups.
- Fintech funding has already reached new highs globally in 2018. Overall funding hit $32.6 billion at the end of Q3, up 82% from 2017's total figure.
- More established fintech segments are showing clear signs of maturation. We've seen considerable scaling in older corners of the fintech ecosystem, including among neobanks and alt lenders.
- Meanwhile, others have dipped into new markets to escape heightened competition. For example, a number of insurtechs are now tailoring their products to underserved, niche markets to stay relevant in a tighter environment and increase their chances of success.
- Regtechs have benefited from an onslaught of new regulation in 2018. Various regulatory schemes that came into effect this year have brought with them enormous handbooks and vast reporting requirements that FIs' compliance teams now have to grapple with.
- More nascent fintech segments are also coming to the fore. Emergent areas like blockchain and distributed ledger technology (DLT), as well as digital identity, are gaining traction as incumbent FIs lean on them to solve efficiency pain points and optimize processes.
- Incumbents are now actively rethinking their business models and roles in the value chain. Many are undertaking massive business transformations that aim to reimagine everything from products and services to front-end systems and back-end processes.
- In the future, the line between fintechs and incumbents will only grow more blurred. As fintechs continue to mature, and incumbents increasingly incorporate new technologies, it will become even harder to distinguish between fintechs and FIs generally.
We don't want you to miss out on the opportunity to receive the newest version of the only resource you need to fully understand the fintech space. So we're giving you two ways to access this report:
1. Subscribe to a Premium membership to Business Insider Intelligence to receive The Fintech Ecosystem Report, PLUS more than 275 other research reports that cover the changing landscapes of fintech, payments, digital health, e-commerce, and more. You'll also receive all 8 of our daily newsletters first thing each morning to get you up to speed on the latest developments in your industry.
2. Purchase and download the report directly from our research store (but you'll miss out on all the up-to-date fintech analysis our subscribers receive).
Whatever you decide, you've given yourself a powerful tool in understanding the present and future landscape of the fintech industry.
Sincerely, The Business Insider Intelligence Team Sincerely, The BI Intelligence Team | | | Copyright © 2018 Business Insider, Inc. All rights reserved. | | | |
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