Today, FinTechs are helping banks and financial services firms unlock significant untapped value across core operations and advance the triple agenda of growth, efficiency, and customer experience. They are offering tailored solutions that enterprises are increasingly adopting to address capability gaps, enhance value propositions, and streamline workflows across the various value chains.

These FinTechs create a co-optition (cooperation and competition) environment for Banking and Financial Services (BFS) firms. Over the past few years, BFS enterprises have experienced a surge in acquisitions, funding, and partnerships with FinTechs, seeking to leverage the niche offerings and point solutions provided by these firms. While these collaborations offer numerous benefits, they also present challenges for BFS enterprises.

In this report, we highlight the trailblazers that are generating enhanced value propositions within specific categories of the value chain, with a primary focus on their capabilities and market impact. The assessment relies on primary interactions, secondary research, and analysis, and is based on Everest Group’s ongoing market tracking.

Scope

• Industry: BFS
• Geography: global

Contents

In this report, we:

• Highlight the trailblazers, including assessment methodology, category definitions, and profiles
• Discuss the role of FinTechs
• Introduce a framework to mitigate the challenges for BFS firms when choosing the right FinTech

Membership(s)

Banking and Financial Services Information Technology

Sourcing and Vendor Management