[INFOGRAPHIC] Disrupting Finance: The Case of FinTechs

The rise of digital technology has been the catalyst for the rapid increase in the number of FinTechs. In 2014, investment growth more than tripled and in 2015 doubled to reach $22.3Bn. There is a widely understood imperative by incumbents to jump in the bandwagon as soon as possible to compete with the ‘new kids on the block’.

By 2020, consumer banking and payments/fund transfers as we know them will most likely face the highest disruptions. Like any other service, finance will have the customer at the core of their objectives: convenience, timeliness, and most importantly the absence of a mediator.