UFO - FinTech Trends: M&A And Mobile Payments Driving Recent Growth
Often originating from tech-at-core companies residing outside of the traditional banking sector, FinTech firms are using their unique capabilities to enhance or transform financial services as we know it. Areas such as mobile payments, crowd-funding, blockchain and cryptocurrencies, peer-to-peer (P2P) and marketplace lending, finance and insurance software, and wealthtech, are many of the new applications for technology to disrupt the financial services space. In this piece, we explore some of the key drivers and developments in the FinTech space that are propelling this disruptive theme.
Key Points:
- Despite strong growth, overall penetration of FinTech remains