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Fintech

If You Can’t Beat The Fintechs, Join Them

According to joint research by , with eight investments, Citigroup ranks high among the banks that invested the most in Fintech startups. The report, however, also highlights that investments in Europe, as a result of the Brexit vote, dropped from 400 million U.S. dollars in Q2 2016 to 200 million U.S. dollars in Q3.

While the majority of banking executives consider Fintech firms partners, a recent consumer survey conducted by ƽ shows that the majority of consumers surveyed have never heard of Fintechs. This will most likely change as the European Union’s Payment Services Directive (PSD2) which comes into force in January 2018 forces banks to provide account information to third parties via APIs, thereby reducing the barriers for Fintechs.

Description

This chart illustrates the number of investments made by banks into Fintech firms

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Total turnover of factoring and commercial finance in European Union 2010-2025
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Brand value of JD.com evaluated by Brand Finance 2017-2026
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Monthly salary of finance industry employees Malaysia 2014-2024
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Number of employees in the finance and insurance sectors in Brazil 2010-2022
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Cars bought on finance by consumers and businesses in the UK 2025-2026
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Total turnover of factoring and commercial finance in Europe 2024, by country

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