Fintech正在改变竞盏涅格局但它们未必能取代银行的中心地位.pdf

FINANCIAL INSTITUTIONS SECTOR IN-DEPTH Financial Institutions - Global 18 May 2016 Fintech Transforms Competitive Landscape, but Unlikely to Displace Banks Central Role TABLE OF CONTENTS The spate of new financial technology firms (fintechs) and associated investment has Fintechs and their investors are drawn to the digital opportunity in sharpened focus on the potential for a fundamental transformation in the way financial financial services 2 services are delivered and consumed, with some commentators predicting a displacement Predominant fintech focus is on retail of banks as new entrants exploit inefficiencies in product design and pricing and meet banking services 4 Fintech growth comes as banks demand for more personalized, easy-to-access digital financial services. However, while this contend with challenges beyond new transformation will not be easy, low cost, or without risk for incumbents, we expect banks to entrants 6 retain a place at the center of the financial services industry, working both alongside and in Banks are responding to the competitive challenge and competition with fintechs to improve the development and delivery of financial services. capitalizing on digital opportunities 7 Incumbent status also brings some The challenge of the new competitive landscape will be one of leveraging new important competitive strengths 8 technologi