Has the Fintech phenomenon already burned out? After a revolutionary birth, has it become a victim of the cost containment and lackluster productivity seen throughout the UK banking industry? And are uncertain political and economic conditions muddying the waters further? Shifts in the balance of global power appear to be underway—Eastern markets are gaining traction, while the besieged banking system in the West appears mired in challenges, both legacy and new.
Given Fintech’s seeming failure to live up to its transformative promise, this is an ideal moment to pause and reflect on how far the phenomenon has come, and to consider the next steps in the revolution. What challenges does Fintech face, and what should be considered in the battles ahead?DOWNLOAD THE FULL REPORT [PDF]