The Changing Structure of the Financial Ecosystem

Abstract

Brash new fintechs with extensive venture backing, banks seeking to reinvent themselves, and technology companies poised on the edge of becoming techfins: it’s clear that the business of financial services is primed for rapid and transformative change. But how will that change play out, and what will the financial ecosystem of tomorrow look like? The answer is unlikely to be simple. It’s improbable that a single class of competitor will emerge as the uncontested winner. Instead, it is likely that each of these types of organizations will emerge to play a unique role in an even more competitive landscape.