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.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- What is Fintech and why does it matter?
- Purpose of the Study
- Methodology
- The Changing Consumer Behavior
- Internet Penetration
- Mobile Penetration
- Recent Trends in Banking
- The Role of the Branch
- Fintech Startup Landscape Analysis
- Different Types of Fintech Startups
- Lending Platforms
- Mobile Payments
- Equity Financing
- Remittances/FX
- Consumer Banking
- Threats and Weaknesses of Fintech Startups
- Regulatory Challenges
- Fintechs vs. Banks
- Opportunities and Strengths of Fintech startups
- Cooperation instead of Disruption
- Attractiveness of the UK Market
- Benefits of having a Fintech Cluster close to Home
- Different Types of Fintech Startups
- Finance 2020
- Digital Economy and Structural Change
- mBank as a Role Model for other Institutions
- The Uber Effect
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This bachelor thesis examines the impact of Fintech startups and changing consumer behavior on the financial services industry. It explores the emergence of Fintech companies, their various types, and their potential to disrupt traditional banking models.
- The rise of Fintech startups and their impact on financial services
- The changing consumer behavior in the digital age and its implications for banking
- The role of technology in reshaping the financial industry
- The challenges and opportunities faced by Fintech startups
- The future of finance in a digital world
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides an overview of the growing impact of Fintech startups on the financial industry, highlighting the parallels with disruptions in other sectors like music and publishing. It then defines the term Fintech and outlines the study's purpose and methodology.
Chapter 2 delves into the changing consumer behavior driving the Fintech revolution. It examines the increasing penetration of the internet and mobile devices, highlighting how these trends are transforming consumer banking habits and preferences.
Chapter 3 analyzes the diverse landscape of Fintech startups. It categorizes these companies based on their offerings, including lending platforms, mobile payment solutions, equity financing platforms, remittance/FX services, and consumer banking solutions. The chapter also discusses the threats and weaknesses faced by Fintech startups, including regulatory challenges and competition from traditional banks.
Chapter 4 explores the future of finance in a digital world, focusing on the concept of Finance 2020. It examines the impact of the digital economy and structural changes on the financial services industry, using mBank as an example of an institution adapting to the new landscape. This chapter also analyzes the potential of the "Uber effect" to disrupt the financial services industry further.
Schlüsselwörter (Keywords)
The core concepts explored in this thesis include Fintech, financial technology, digital disruption, consumer behavior, mobile banking, online banking, lending platforms, payment solutions, regulatory challenges, and the future of finance.
- Quote paper
- Viktor Kanzler (Author), 2015, How do Fintech Startups and a Changing Consumer Behavior Reshape the Financial Services Industry?, Munich, GRIN Verlag, https://www.grin.com/document/299349
