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Emergent FinTech: Defining the Potential and Opportunities

09-13-2016 08:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportBazzar

Emergent FinTech: Defining the Potential and Opportunities

Summary
Fintech has the potential to transform banking. Start-ups are introducing new services that are making existing tasks easier and cheaper to perform. They are also creating new markets, with the attendant prospect of new revenue streams. Although these developments could threaten the established banks, they also offer providers the chance to reinvent themselves and reconnect with their customers.

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Synopsis
– Find out which areas of retail banking are most susceptible to fintech-inspired disruption and transformation.
– Understand the pros and cons associated with the various strategies that banks can use to boost their involvement with fintech.
– Explore the impact that fintech innovation can have on customer satisfaction with, and loyalty towards, their bank.

Reasons To Buy
– How can banks overcome internal resistance to change to instill a culture of innovation?
– In which sectors will fintech have the most impact and cause the most disruption?
– What strategies should banks pursue to respond to fintech-driven changes in the market and take advantage of the new opportunities on offer?

Key Highlights
Global investment in fintech is growing rapidly, boosted by the creation of several accelerator programs in London, New York, and elsewhere. Banks are responding with their own schemes to identify and nurture fintech innovators.

Fintech is affecting several aspects of retail banking, with peer-to-peer lending, crowdfunding, data analytics, credit facilitation, and biometrics all significantly changing the dynamics of the industry.

Banks are using a number of strategies to combat the threat posed by fintech entrants, including acquiring key targets, partnering with companies that will complement their own services, and allowing access to third-party applications through their platforms.

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Reportbazzar.com is your trusted source for the most inclusive and informative assortment of market research reports designed to empower you with the latest in industry information that translates to time and cost savings for your business. We not only help you give wing to your latent business ideas but also facilitate you in taking the best informed and strategic decisions that guarantee success in your most promising business endeavors.

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