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Fintech Landscape Assignment

   

Added on  2020-12-18

8 Pages1835 Words344 Views
Financial Technology Start-ups

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1A. Critical discussion of Fintech landscape and its major players.........................................1B. Critical evaluation of the major threats of these FinTech companies that are faced by otherfinancial companies................................................................................................................2C. Key areas where banks are facing disruptions in their traditional intermediation functions................................................................................................................................................2D. The way in which banks are repositioning themselves to be net-winners from digitaldisruptions amongst others.....................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONFinancial technology is termed as FinTech which is a new innovation in finance industry and it isreplacing current and traditional methods of financing. Now a days all the organisations areusing FinTech to enhance all the activities in finance. All such type of companies that are relatedto it are competing with bank by making banking easy for the customers (Boh, De-Haan andStrom, 2016). Various topics are being covered under this report such as discussion of FinTechlandscape and major players of it and critical evaluation of major threats that these companiespose to other entities. Apart from these key areas where banks are facing disruption and the waysthat are adopted by banks to the bet winners are also covered under this assignment.MAIN BODYA. Critical discussion of Fintech landscape and its major playersFintech landscape is the innovation or alteration in existing financing activities. Mainpurpose of them is to provide new experience to the customers and facilitate them to maketransactions in appropriate manner. Now a days new and innovative features are adding infinancial technology in order to make the life easy for clients and make banking and otherfinancial activities easier. Traditional methods of exchange are being replaced by FinTech aspeople find it easy to use and effective. All companies that are related to it depends upon internetand if it is not working then it not possible for them to deliver services to clients. With the helpof it, customers can use financial services on low cost and make transaction easily withoutvisiting a financial institution. Banks are very expensive as compare to them so people areswitching from bank to such FinTech as they think that it is an easy and cheap way to receive orpay money (Chuen, 2015). All of them can be connected with bank accounts and thenindividuals make transactions with the help of it and does not require to visit a bank. There arevarious types of FinTech that are used by people in different regions. All of them are as follows:PayPal: It is the most successful and famous FinTech all around the world and it is usedall around the world. Parent company of it is Ebay. Founder of PayPal are Elon Musk, PeterThiel, Max Levchin, Ken Howery, Luke Nosek and Yu Pan. It is mainly used in United Statesand its headquarter is in San Jose, California, U.S. People use it to make online payments,transfer money and serve an easy and paper less alternative to banking activities. It was1

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