The FinTech industry amidst the black-swan environment is experiencing a shift with investors seeing the upside in matured firms having diversified product portfolio and business models, with strong governance framework.
Covering Banking in the FinTech era, the World FinTech Report 2021 from Capgemini and Efma explores how successful FinTechs have breached the profitability barrier and are now aiming for sustainable growth as the next maturity milestone.
With the growth of FinTechs directly translating into an intensified competition, the report analyzes alternative options for banks to alleviate the competitive threat and explores the various approaches incumbents can adopt to launch their right-field digital-only subsidiary, using a transformative virtuous 3-dimensional cycle. In parallel, the report also helps to identify critical success factors to fail-safe digital-only entities.
