Social connectivity, data accessibility and technological advances have come together to create the right conditions for a surge in fintech start-ups. Add in a growing capital stream – global investment in these ventures tripled to more than $12bn in 2014 – and there seems to be no shortage of bright ideas.
An estimated 15,000 fintech companies worldwide are successfully eating away at the banks’ revenues with innovative products and business propositions in areas such as alternative finance, peer-to-peer (P2P) lending, crowd funding, robo advisors and payments.
