The future of fintech – brace for impact!

The fintech industry is starting to mature. Shifting market conditions, regulatory challenges and altering consumer trends are going to have a large impact on the industry. Mckinsey has identified seven key areas where change will happen and where it needs to be taken into consideration by startups and incumbents alike.

The seven areas are:

  1. Expanding scope
  2. Increaseing diversity
  3. Improving collaboration
  4. Impending consolidation
  5. Normalizing valuation
  6. Shifting regulations
  7. Emerging ecosystems
Besides these seven key areas, 30 emerging norms in banking.