The Fintech

Keeping it Simple

While many traditional providers struggle to replace cumbersome, outdated and time-consuming legacy systems, forms and processes, Fintechs are enabling customers to set up services with as little as one click. Customers are enjoying more attractive rates, access to different products and service and a better online experience but most significantly, it is the simplicity involved in using Fintech products and services that is driving adoption.

"Fintechs are lean, agile and innovative, numerous, fast - and successful."

The Bunker

A Revolution Of The Financial Services Sector

Fintech is entirely focused on digital financial technology and is revolutionising the way we pay for goods and services, transfer money between accounts and send it overseas. It is also changing the way we manage savings and investment products such as online stockbroking/spreadbetting, online investments, equity and rewards and crowdfunding as well as improving fraud detection and back office operations.

Besides offering old products in a new guise, Fintechs develop completely new services, such as cross-border peer-to-peer (P2P) payments; micro-lending and robo-investment platforms where almost all processes are based on algorithms where barely any human intervention is required. This makes some established offerings obsolete, effectively shrinking the profitability of the traditional banking sector.

Financial Services

Fintech touches a variety of segments across the financial services value chain, using innovative technology to deliver dynamic yet often simple to use services, including:

  • Governance Regulation and Compliance (GRC)
  • Crowdfunding
  • Equity
  • Debt
  • P2P Payments
  • Security
  • Clearing & settlement
  • Visualisation
  • Financial education
  • FX & currency
  • Securities trading
  • Portfolio management
  • Back office operations
  • Anti-Money Laundering (AML)/Know Your Customer (KYC)
  • Personal finance
View diagram

The Market Players

Fintech draws together pools of talent including incumbent financial organisations, technology firms, regulators, venture capital firms and entrepreneurs on a global scale and in new ways.

Players include:

  • Incubators
  • Financial Advisors
  • Asset Management
  • VC's
  • Regulators
  • Media
  • General Public
  • Recruitment
  • Tech providers
  • Legal firms
  • Existing & new Institutions
View diagram

The Technology

Fintech encompasses a variety of technologies used in order to better serve financial services to businesses and consumers. It is these technologies that are shaping and advancing the Fintech sector:

  • Cloud
    • Hosting
    • SaaS, PaaS, IaaS
  • Big data and analytics
  • Internet of Things
  • Social media
  • Identity management
  • Cybersecurity
  • Artificial intelligence
  • Blockchain/DLT
  • Automization
  • Standards and API
View diagram