The financial industry today is under siege, but not from economic pressures in Europe and China. Rather, this once-impenetrable fortress is currently riding a giant entrepreneurial wave of disruption, disintermediation, and digital innovation. Behind the siege is fintech, a spunky and growing group of financial technology companies. These venture-backed new arrivals are challenging the old champions in lending, payments, money transfer, trading, wealth management, and cryptocurrencies.
In this O’Reilly report, author Cornelia Lévy-Bencheton examines the disruptive megatrends taking hold at every level and juncture of the financial ecosystem. You’ll find out how fintech is reshaping the financial industry, reimagining the ways consumers manage, save, and spend money through a data-driven culture of big data analytics, mobile payment services, and robo-advising.
Can traditional financial institutions evolve in time to catch up and avoid being replaced? Pick up this report to learn about the current banking and financial services industry, key participants in fintech, and some adaptive strategies being used by traditional financial organizations.
Cornelia Lévy-Bencheton, Principal of CLB Strategic Consulting, LLC, is a communications strategy consultant and writer whose data-driven marketing and decision-support work helps companies optimize performance. She focuses on the impact of disruptive technologies and their associated cultural challenges that open up new opportunities and necessitate refreshed strategies.