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.