Market Disruption > Capital Markets
Competing fintech companies unbundling traditional banking to offer greater choice and more competitive financial services to businesses and consumers
Competing fintech companies unbundling traditional banking to offer greater choice and more competitive financial services to businesses and consumers
Illustrative Disruptions
- Unbundled banking – Providing alternatives in traditional banking services like checking, borrowing and funding, merchant services, employee payroll and benefits, investing, currency exchange, and expense management
- Competitive choices – Offering wider range of choices at different service and price levels to meet financial needs more effectively
- Custom integration – Integrating individual cloud-based solutions into custom bundles enable streamlined financial management
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Global Crypto ATMs by Digital Currency As of August 13, 2018, all 3,569 crypto ATMs installed worldwide accept Bitcoin, while half support Litecoin, Coin ATM Radar reported October 19, 2018 |
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Crypto ATMs Installed Worldwide Over Time Number of crypto ATMs installed worldwide grew 405% annually between 2013 and 2017, from three to 1,952, according to Coin ATM Radar October 12, 2018 |
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Crypto ATMs by Continent Majority (74%) of crypto ATMs installed worldwide are in North America, followed by Europe with 22%, according to data from Coin ATM Radar October 5, 2018 |
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Registered Mobile Money Accounts by Geographic Region GSMA data showed registered mobile money accounts globally grew 45% annually, from 86.8 million in 2011 to 555.6 million in 2016 August 28, 2018 |
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Primary Business Objectives of Global Fintech Companies World Fintech Report found collaboration with traditional firms top primary business objective of fintech companies in 2017 June 8, 2018 |
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Online payment software provider Stripe introduced Stripe Capital, new loan service for Internet businesses integrated to its platform September 6, 2019 |
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Mobile transportation platform Didi venturing into financial services with launch of financial and insurance product suite in-app, available nationwide in China January 18, 2019 |
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T-Mobile venturing into mobile banking with T-Mobile Money, checking account that offers 4% annual percentage yield to qualifying customers December 26, 2018 |
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U.K.-based TransferGo became first remittance platform to offer cryptocurrency trading for five major cryptocurrencies on mobile app August 15, 2018 |
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Development banks of BRICS nations formed new consortium that will conduct research on blockchain technology to innovate on financial sector applications August 10, 2018 |
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