With a growing level of venture capital funding, Fintech is scaling up and diversifying beyond its monoline roots. In parallel traditional financial services providers are joining in. The focus is moving towards Asia – in terms of market opportunity and the domicile of many of the world’s largest Fintechs.
Innovation is the key success factor within the Fintech industry. It combines technology with financial services to create new products and services that disrupt the market by creating new values to a changing clientele. Keeping an eye on growing and emerging businesses is critical in this fast-paced environment. Fintech companies must understand and track their competition. Likewise, more traditional financial services players must plan how to respond or get involved.
Fintech100 – a collaboration between KPMG International and H2 Ventures – brings traditional players and pure Fintech companies together and ranks the Top 50 established and the Emerging 50 Fintechs globally. It explores the key trends and characteristics that are driving success – taking into account total capital raised, the rate of capital raising, geographic diversity, sectoral diversity, and the x-factor (the degree of product, service and business model innovation).