Primary Business Objectives of Global Fintech Companies

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

Market Disruption

Business Model and Practices

Business Model
and Practices


Financial Services


Date Last Updated

June 8, 2018

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