From the legacy financial system to emerging FinTech solutions, it is obvious that the momentum is interesting; merging inter alia disruption, benefits, and challenges.
For those who are unfamiliar, Financial Technology (FinTech) refers to a
combination of financial services with Information Technology (IT) like
BlockChain technology that aims to eliminate the need for an intermediary trust
agent for payments clearing and settlements.
The evolving FinTech market
ecosystem include: startups, banks, investment companies, insurance companies,
and non-financial organizations. In terms of services we
have: peer-to-peer money transfers, lending services, online payments, and
mobile payments.
Once can also observe that, apart from operational issues and/or user experiences, CAPEX and OPEX factors can greatly impact the market.