MarketResearch.com Announces Publishing of New White Paper on FinTech Investments & Banking Innovations
WASHINGTON and NEW YORK and LONDON, Feb. 19, 2015 /PRNewswire/ -- As a leading provider of syndicated market research reports and business intelligence solutions, MarketResearch.com is pleased to announce the publishing of a new white paper, Five Banking Innovations from Five Continents.
To download the white paper, visit: http://hubs.ly/y0xw2l0.
The white paper, which forecasts FinTech investments to double in 2015, is a collaborative effort between MarketResearch.com and Banking Reports Ltd., a leading publisher of research on the banking industry, and focused on insights from research conducted by Banking Reports.
This paper provides an unprecedented overview of banking innovations around the world with a special focus on the global FinTech Revolution.
Key findings include:
The total Global FinTech Investment Volume was cca USD 9.9 billion in 2014. This includes In-Bank FinTech investments and External FinTech investments. It is expected to rise to cca USD 19.7 billion in 2015. This makes 2015 a major break-through year in FinTech and, in fact, in the entire history of banking innovations, which used to be based on conservative series of incremental gradual internal changes in the last 4,000 years. This changed after the 2008 crisis when internal innovation shifted towards external innovation (hundreds of FinTech startups began to pop up year after year on all continents) and an incremental, step-by-step nature of change was overridden by a paradigmatic turn towards new channels, such as smartphones, and new target groups such as Millennials.
The white paper reveals two ways in which large banks are reacting to the FinTech Revolution:
1. Setting up Innovation Labs (Citi Innovation Lab, Commonwealth Bank Innovation Lab, BBVA Innovation Center, Capital One Bank Lab, ING Customer Experience Center, etc.) to incubate and accelerate FinTech activity amidst an otherwise somewhat slow and conservative corporate culture.
2. Creating Dedicated FinTech Venture Capital Arms or enhancing FinTech investments within their existing venture capital activity. (AmEx Ventures, Citi Ventures, BBVA Ventures, SBT Venture Capital)
Despite these efforts, cca 60 percent of all global FinTech investments have originated from outside the incumbent financial establishment. Approximately one fifth of FinTech investments occurred In-Bank, while another one fifth in cooperation between banks and FinTech companies. Cooperation is expected to strengthen: by 2020, almost 40 percent of FinTech investments are expected to occur by banks investing into FinTech companies.
FinTech has become and will remain a global growth sector, though pace of growth will be somewhat tempered to cca 25 percent per year after 2015, and annual investment is expected to reach cca USD 46 billion by 2020.
Currently, there are three major engines of global FinTech, as detailed in the white paper: USA (with cca 63 percent of investments in 2014), Europe (with cca 18 percent, in which London is a firm leader contributing to at least 65 percent of this figure with FinTech currently growing faster there than in NYC or the Silicon Valley) and Asia (with cca 12 percent), while the rest of the world is only responsible for cca 7 percent of capital inflow into this new industrial segment.
The 40-page full version of this white paper is available for download here: http://hubs.ly/y0xw2l0.
About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.
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About Banking Reports
Banking Reports is the dedicated producer of top quality off-the-shelf and on-demand reports for the banking industry and the FinTech community. Their banking-market-intelligence reports are designed to best serve leading commercial and investment banks, international consultancies, payment service providers, venture capitalists and other decision makers globally.
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