Future of Financial Services

  • ID: 3960516
  • Report
  • Region: Global
  • 83 Pages
  • Frost & Sullivan
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Growth in FinTech is Shaping the Future of Invisible Finance & Virtual Banking

FEATURED COMPANIES

  • Bankable
  • Betterment
  • eToro
  • Fintech Landscape
  • Friendsurance
  • LendingClub
  • MORE

The financial services industry is on the brink of disruption, as the use of technology poses a challenge to market players and their existing products and services and associated costs. Thus it is important to revisit one of the oldest industries and re-conceptualize how it will thrive in the future aligning itself to looming social and technological trends.

This study will address implications to the labor force employed in the financial services market, as a lot of the responsibilities currently held by individuals will be susceptible to automation. Another consequence to automation might be the role of institutions in the industry moving to advisory rather than transaction processing.

An interesting development we foresee is also reduction in costs to customers, as fee structures contract by incentivizing voluntary submission of customer purchasing habits. As funding and lending channels move from traditional wealth management institutions to more open and platformized or peer-to-peer lending, it will be interesting to gauge how the 'micro-investments' market might be one of the largest drivers of investments in the future.

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FEATURED COMPANIES

  • Bankable
  • Betterment
  • eToro
  • Fintech Landscape
  • Friendsurance
  • LendingClub
  • MORE
1. Executive Summary
  • Key Findings
2. Research Scope, Objectives, and Background
  • Research Scope
  • Research Background
  • Research Methodology-From Macro to Micro
  • Research Methodology   
3. Overview and Introduction
  • Definition of Fintech
4. Key Disruptions in Segments
  • Payments
  • Payments-Virtual Currencies: Hidden Transactions
  • Payments-Online Processing: Blockchain
  • Payments-Online Processing: Artificial Intelligence
  • Payments-Online Processing: Corporate Administration
  • Payments-B2B Payments: Market Growth Snapshot
  • Payments-B2B Payments: Payment Platforms
  • Payments-B2B Payments: Real-Time Payments
  • Payments-B2B Payments: Smart Contracts
  • Insurance
  • Insurance-Connected Insurance: Wearables
  • Insurance-Connected Insurance: Telematics
  • Insurance-Progressive Customer: Risk Sharing Models
  • Insurance-Progressive Customer: Smartphone-based Solution-Kony Case Study
  • Insurance-New Business Models: Cost Advantage of Digital Insurers
  • Banking & Funding/Lending
  • Banking & Funding/Lending-Micro-investments: Shrinking Investment Size
  • Banking & Funding/Lending: Platforms-Crowd Funding
  • Banking & Funding/Lending-Platforms: Blockchain As a Financial Control Mechanism
  • Bank of the Future
  • Banking & Funding/Lending-Retail Banking: Shrinking Branches
  • Banking & Funding/Lending: Retail Banking Case Study-Citi Future Branch Model
  • Banking & Funding/Lending: Retail Banking-Cost Advantage of Platformized Banking or Digital Banking
  • Business Support Functions
  • Business Support Functions-Biometrics
  • Biometrics-Case Study: Biometric Applications for the Payments Industry
  • Business Support Functions-Big Data: Data Lifecycle
  • Digital Strategies through Big Data
  • Business Support Functions-Artificial Intelligence
  • Business Support Functions-Artificial Intelligence Information Processing
5. Funding of Fintech
  • Global Funding of Fintech Companies
  • Global Consumer Wealth Growth Mirrors Fintech Funding Globally
  • Total Bitcoin and Blockchain VC Funding has Almost Reached $1 Billion, Led by Multiconcept Businesses
  • Geographic Leaders in Specific Fintech Spaces   
6. Trends in Financial Services
  • Trend Overview-Automation Implications to Labor Force
  • Case Study-Bankable: Banking as a Service
  • Factors Critical to this Trend
  • Trend Overview-New Investor Classes
  • Case Study-eToro: The New Age of Social Trading
  • Factors Critical to this Trend
  • Trend Overview-Zero-Cost Wealth Management
  • Case Study-Betterment
  • Factors Critical to this Trend
  • Trend Overview-Transactional Brokerage to Advisory Business Models
  • Factors Critical to this Trend
  • Trend Overview-Crowd-Sourced Finance
  • Factors Critical to this Trend
  • Trend Overview-Customer Data Incentivization
  • Factors Critical to this Trend
  • Trend Overview-Decentralized Autonomous Organization (DAO)
  • Factors Critical to this Trend
7. Profiles of Fintech Disruptors
  • Fintech Landscape
  • Friendsurance
  • Betterment
  • LendingClub
  • OpenFin
  • Bankable
  • eToro   
8. Conclusion
  • Expected Transformations
  • Blockchain Beyond Bitcoin-The Future of Digital Distributed Ledgers
  • Key Conclusions
  • Expected Market Developments to 2025
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  • Bankable
  • Betterment
  • Decentralized Autonomous Organization (DAO)
  • eToro 
  • Fintech Landscape
  • Friendsurance
  • LendingClub
  • OpenFin
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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