Proof Point
World Fintech Report found collaboration with traditional firms top primary business objective of fintech companies in 2017
Primary Business Objectives of Global Fintech Companies
2017 (percentage)
| Note: | Data from Capgemini, LinkedIn and European Financial Management Association’s (EFMA) 2018 World FinTech Report Survey of global fintech firm executives |
Proof Point Findings
- Fintech – Use of digital technologies and innovation to support, enable or provide alternatives to traditional banking and financial services, such as mobile wallet, contactless NFC technology, and cryptocurrency
- Traditional Collaboration – Three in four respondents of World FinTech Report survey identified collaborating with traditional financial service firms as primary business objective in 2017
- Mergers & Acquisitions – More fintech companies prefer to merge or get acquired by other fintech companies (6%), compared to being bought by traditional firm (1%)
- Key Growth Drivers – Include proliferation of fintech startups, growing adoption of digital banking technologies, and accelerating trend of innovative partnerships
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Market Disruption |
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Business Model and Practices Business Model |
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Sector |
Financial Services
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Source |
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Date Last Updated |
June 8, 2018
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