How do Fintech Startups and a Changing Consumer Behavior Reshape the Financial Services Industry?

Bachelor Thesis , 2015 , 62 Pages , Grade: 1,3

Business economics - Business Management, Corporate Governance

The purpose of this study is to illustrate how Fintech startups and other non-financial institutions reshape the finance industry as they take advantage of recent technology trends and lifestyle shifts affecting customers’ expectations.

The thesis aims to show how the competitive landscape changes and to what extent digital attackers grab parts of the value chain. The study also maps out the Fintech landscape, highlights important growth trends and gives an overview of the services and products with which Fintech startups are currently edging into the market.Moreover the study points out the specific drivers and barriers relevant to Fintech companies.

A further objective was to find out whether Fintech startups pose a serious threat to traditional providers and if so, which generic approaches exist to deal with these attackers. Apart from that the aim was to identify how peers address digitization as well as what strengths traditional banks can rely on. Last but not least the study demonstrates what banks and other institutions can learn from Fintech startups and how the future of finance could develop and look like in 2020.

TABLE OF CONTENTS

List of Figures and Tables

List of Abbreviations

1 Introduction
1.1 What is Fintech and why does it matter?
1.2 Purpose of the Study
1.3 Methodology

2 The Changing Consumer Behavior
2.1 InternetPenetration
2.2 Mobile Penetration
2.3 Recent Trends in Banking
2.4 The Role of the Branch

3 Fintech Startup Landscape Analysis
3.1 Different Types ofFintech Startups
3.1.1 Lending Platforms
3.1.2 MobilePayments
3.1.3 EquityFinancing
3.1.4 Remittances/FX
3.1.5 ConsumerBanking
3.2 Threats and Weaknesses ofFintech Startups
3.2.1 Regulatory Challenges
3.2.2 Fintechs vs. Banks
3.3 Opportunities and Strengths ofFintech startups
3.3.1 Cooperation instead of Disruption
3.3.2 Fintech Hubs and Clusters
3.3.3 Attractiveness of the UK Market
3.3.4 Benefits ofhaving a Fintech Cluster close to Home

4 Finance
4.1 Digital Economy and Structural Change
4.2 mBank as a Role Model for other Institutions
4.3 The Über Effect

5 Conclusion and Recommendations

Bibliography

Appendix

• College: Frankfurt School of Finance & Management
• Grade: 1,3
• Author: Viktor Kanzler (Author)
• Publication Year: 2015
• Pages: 62
• Catalog Number: V299349
• ISBN (eBook): 9783656962403
• ISBN (Book): 9783656962410
• Language: English
• Tags: FinTech, Finance, Startups, Digitization, Mobile, Payment, Lending, Crowdfunding, Internet, Venture Capital, Innovation, Entrepreneurship, Banking