What you need to know

FinTech start-ups are fundamentally altering how consumers interact with financial services by delivering these services faster and by factoring in an ever-growing volume and variety of data for assessing the value of potential customers. Traditional finance brands are also leveraging the innovations that have emerged from the FinTech scene. Mobile services currently lead the charge, but there are many more opportunities to explore.

Definition

For the purposes of this Report, Mintel has used the following definitions:

FinTech includes any service or technology that has altered the way consumers interact with, receive, or manage their finances. This Report focuses on four broad categories of FinTech:

  • User experience

  • Alternate lending

  • Alternate payment

  • Security

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