The year 2019 is all about ecosystems, collaborations between traditional players and Fintechs, and business model changes. The fintech industry is rapidly rubbing off on incumbent financial services providers and revamping the future of financial services.
We’ve already seen considerable scaling in older corners of the financial services ecosystem, ranging from neobanks and alternative lenders to brilliant new business models within retail & corporate banking. Meanwhile, Fintechs’ staggering influence on the market is evidenced by record funding levels for the industry.
Collaboration between traditional players and fintech startups
Business model changes within retail & corporate banking