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Capgemini IT: GROWTH ACCELERATOR

IT trends spotted and checked by experts

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Who cares? - FinTech is here - but are banks ready?


1 Jun, 2016 02:04 pm
From new payment methods, alternative finances, online piggy banks, peer-to-peer money transfers, Personal Financial Management (PFM) and much more, FinTech companies have invested massively in retail banking services which have been greeted with open arms by their clients, notably the youngest generations who are now fleeing traditional bank branches.

These companies are moving up the value chain - for evidence, look no further than the website Yomini, which offers asset management services. B2B services are also covered, whether it be in the business loan sector (crowd-lending), treasury management or factoring. Beyond bankers, others concerned by the rise of FinTechs include traders, insurers and mutual fund stakeholders.   
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