金融科技优势

Managementsummary T financial technology firms (Fintechs). Once dominated by traditional banks, the sectornow features digital entrants that challenge established models, redefine customer Over the past decade, Fintechs have evolved from niche payment players to adiversified ecosystem spanning digital banking, lending, wealth management, insurance For banks, this disruption brings both challenges and opportunities. While Fintechsthreaten parts of traditional value chains, they also introduce technologies that can To capture this potential, banks must shift from a defensive stance to one ofcollaboration. A thriving Fintech ecosystem - comprising innovation communities, Collaboration can be operationalized through a spectrum of partnership models.Traditional approaches, such as commercial agreements, strategic partnerships, Ultimately, unlocking Fintech's full potential requires alignment betweenbanks, Fintechs, regulators and investors. Banks that position themselves at the Fastfacts Contents Fintechs tosurge eightfoldby 2030, hittingUSD 1.6 trillion Collaborationis key — bankspartnering The Fintech disruption: Redefining banking modelsunder attack Introduction Banks have traditionally experienced strong growth and delivered superior results over thepast decades thanks to established market positions. However, in recent years, their In this rapidly changing context, the financial services market is being shaken by Fintechsand will continue being so – increasingly – in the future. Therefore, it is crucial to understand This report examines the advantages of Fintechs and how these can be deployed notonly "stand-alone" for the benefit of Fintechs, but also more broadly looking at the 1 2 3 Banking models under attack In recent years, traditional banking models have been structurally challenged bytechnological disruptions, with the deployment speed of these (re)volutions constantly ATraditional banks are being challenged bytechnological disruptions Disintermediation of financial services Owing to advances in technology and the rise of Fintechs, customers no longer requireincumbent financial institutions to act as intermediaries in their financial transactions (forexample, trading securities, borrowing funds, making cross-border money transfers) Shrinking margins and lower return on equity(ROE) The commoditization of financial services offerings due to the disintermediation byFintechs/new entrants has resulted in shrinking margins and lower ROE for banks Inferior customer experience Customers have increasingly gotten used to consuming services on-demand in thepalms of their hands in very intuitive ways, and financial institutions typically offer lowercustomer experience than Fintechs/technology companies Improved technological infrastructure Rapid development of technology has made it possible for any company in the world tostart providing financial services, lowering entry barriers (for example, via API connectivityenabling seamless integration and offering of end-user-facing financial products) Regulatory opening Regulatory frameworks across the globe have evolved to allow more innovation and techinvestments in the financial services industry (for example, digital bank licenses),ultimately widening the perimeter of companies allowed to offer financial services Banks should rethink Fintechs from competitors to allies As the banking ecosystem is increasingly permeated by digital technologies, banks shouldthink of how innovations can be effectively leveraged for their future growth and Growth of Fintechs – past and future Fintech refers to the use of applications that enhance, automate or replace the functions oftraditional financial and banking services providers. Over the last decade, it has emerged asone of the most transformative forces in financial services. What began with mostly digital Since 2014, the number of Fintech companies globally has almost tripled, underlining thetremendous success of these innovative models. Several factors have driven this sustainedgrowth. A continuous shift in consumer behavior has raised expectations of digitalconvenience and customer experience – areas where Fintech solutions typically excel. In Looking ahead, the sector is likely to continue its rapid expansion, with market sizeexpected to grow eightfold by 2030 to almost USD 1.6 trillion. Growth will be driven by thespread of key technologies such as artificial intelligence (AI), blockchain and real-time dataanalytics, which are already reshaping how banking services are structured, delivered and Unlocking the Fintech advantage: Opportunitiesfor banks How Fintechs can enhance the banking sector Fintechs are reshaping the banking sector by enhancing how institutions operate across theboard. They can drive revenue generation while at the same time improving efficiency. Thus, REVENUE UPLIFT POTENTIAL Fintechs can help banks strengthen revenues in three main ways. First, they allow ban