The pandemic has accelerated digital transformation projects in financial services and led to increased M&A activity in the fintech sector. This increase can be attributed to two factors: fundraising conditions and appetite for investing. Companies are also looking to consolidate market share or diversify what they offer to their customers. Fintech companies, once seen as market disruptors, are becoming an established fixture in the financial services ecosystem.
In the US, in terms of market players driving investment and M&A activity around Fintech – the players can be categorized under three groups: (1) fast-growing fintech scale-ups, (2) traditional tech companies accelerating their digital offerings in the financial services space and; (3) traditional financial institutions.
The episode also takes a closer look around various strategies employed by different enterprises, and how fintech is changing how enterprises view and use technology in their respective businesses.