Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US


Content

STAY TUNED

FinTech’s Rich Pageant – Defining FinTech is becoming broader and more varied

by Lisa Moyle / Tuesday 10 November 2020 / Published in Community & Events, Content, Embedded Finance, Featured, Fintech, Innovation, Opinion, Start-ups

As long as there have been financial products, there have been tools, procedures and services needed to create, manage, and deliver those products. Whether it is a telegraph machine, spitting out a ticker tape on Wall Street in the 1930s or a Python developer creating simple and complex, but not complicated, code to build a blockchain – financial technology has often been the enabler of financial services.

FinTech, our 21st Century understanding of using tech to evolve and innovate financial services, is in a constant state of flux and expansion. In this strange and unusual year, it is worth sticking our fingers in the air to test our community collective wisdom.

This was the question we asked our community last week – As we come to the end of 2020 – What is FinTech?

This week – we have our answers.

It is not surprising that the industry was split between those who define FinTech as any project, initiative or company that is solving a problem and those who focus on a group of new technology entrants to the industry. Almost half the industry has a very clear idea of what they mean when they talk of ‘FinTechs’ while others recognise the need to identify the rich pageant of FinTech companies and FinTech projects.

Almost half recognized that the best FinTech customer was one that met product market fit – highlighting the prevalence of FinTech companies to focus on specific business cases and applications within financial services, rather than trying to be all things to all customer groups.

Our community was split on the next big trend in FinTech. However, non-financial services entrants entering this space gathered a large chunk of the vote. Surviving COVID received zero votes – which points towards hope  and optimism in the market.

As for regional rivalries in FinTech – the UK and North America battled it out for ‘Most sustainable FinTech region’. FinTech rich Eastern Europe and case study heavy Africa, in additional to other global regions, gathered either none or very few votes. However, this probably reflects the demographics of our community responders than a global mindset.

Define FinTech (pick only one 😉 )

42% – Any project, initiative or company that is solving a personal or business problem in financial services using progressive business models and innovative technology.
42% – A group of new technology entrants, aimed at the financial services industry, that does not include innovative offerings from incumbent banks or larger the firms.
16% – All efforts, from any company, that aims to make banking (financial services) better.

Who is the perfect FinTech customer?

23% – Those between the ages of 16 – 25
23% – Those between the ages of 25 – 40
8% – Those with a healthy bank balance
46% – Those who belong to a market that fits with our product

What is the next big trend in FinTech?

31% – Alternative lending for SMEs
23% – Embedded finance
38% – Non-financial services organisations offering financial products
0% – Surviving COVID-19
8% – DeFi

Which region do you see the most sustainable FinTech innovation?

53% – UK
8% – Nordics
0% – Eastern Europe
23% – North America
8% – Asia (not including China)
8% – China
0% – South America
0%- Africa


Tagged under: Results, Snapshot Survey, Splash

Recent Posts

  • Lending’s pressure test: What’s holding the industry back and how to break through

    In a rapidly evolving market, lenders are facin...
  • FTT Chats: Anant Patel, CEO of Judopay, wired in Fabrick

    ...
  • FTT Chat, FTT Payments, BR-DGE

    FTT Chat: BR-DGE share expansion plans and orchestration success

    Behind the checkout curtain: Helen Owen talks p...
  • Empowering Members, One Loan at a Time: A Conversation with Ciara Davies, CEO of Metro MoneyWise Credit Union

    Who says that credit unions can’t innovat...
  • Lending through change: A conversation with Simon Taylor, Melton Building Society

    Data, niches, and AI: Simon Taylor on the evolu...


  • Home
  • Call for speakers
  • View all events
  • Fintech Talents events
    • FTT Financial Services Futures 2025
    • FTT Fintech Festival 2025
    • FTT AI Transformation 2025
    • FTT Mutuals 2025
    • FTT Lending 2026
    • FTT Payments 2026
    • Fintech Talents Road Trip 2026
    • Fintech Talents North America 2026
  • FTT Embedded Finance & Super-Apps events
    • FTT Embedded Finance & Super-Apps Europe 2026
    • Customer Alpha Europe 2026
    • FTT Embedded Finance & Super-Apps North America East Coast 2026
    • Customer Alpha North America East Coast 2026
    • FTT Embedded Finance & Super-Apps North America West Coast 2026
    • Customer Alpha North America West Coast 2026
  • Future Identity events
    • Future Identity Festival 2025
    • FID Fraud & FinCrime – Fall Europe 2025
    • Future Identity Finance Europe 2026
    • FID Fraud & FinCrime – Spring Europe 2026
    • Future Identity Customer Europe 2026
    • FID Fraud & FinCrime – Summer Europe 2026
    • Future Identity Finance North America 2026
    • Future Identity Customer North America 2026
  • Past events
    • Breakfast briefing: Lending with intelligence 2025
    • Fraud prevention & customer experience webinar 2025
    • Open Finance & Consumer Duty webinar 2024
    • FTT SME Banking 2023
    • Unboxing the Next Generation of Embedded Finance 2023
    • FTT AI Transformation webinar 2024
  • Content
    • All Content
    • Interviews
    • Opinion
    • Videos
    • Digital Reports
  • VC INNOVATIONS – Accelerated Marketing

GET IN TOUCH

T +44 203 835 2829
Email: marketing@vcinnovations.co.uk

LONDON
85 Tottenham Court Road, London W1T 4TQ
Open in Google Maps

NEW YORK
477 Broadway, 2nd Floor, Suite 1033, New York, NY 10013
Open in Google Maps

QUICK LINKS

  • Home
  • About VC INNOVATIONS
  • Events
  • FAQs
  • LinkedIn
  • Twitter
  • YouTube
  • Instagram

RECENT POSTS

  • Lending’s pressure test: What’s holding the industry back and how to break through

    In a rapidly evolving market, lenders are facin...
  • FTT Chats: Anant Patel, CEO of Judopay, wired in Fabrick

    ...
  • FTT Chat, FTT Payments, BR-DGE

    FTT Chat: BR-DGE share expansion plans and orchestration success

    Behind the checkout curtain: Helen Owen talks p...
  • Privacy Policy

© VC Innovations 2018. All Rights Reserved.



TOP
 
SAVE £500 WITH THE EARLY BIRD BEFORE 5th SEPTEMBER
BOOK TODAY
 
 
SAVE £500 WITH THE EARLY BIRD BEFORE 5th SEPTEMBER
BOOK TODAY
 
 
SAVE £500 WITH THE EARLY BIRD BEFORE 5th SEPTEMBER
BOOK TODAY
 
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Media & Associations Pass


Get involved


FTT Payments 2025 - Download previous attendee list


Download now


Press & Media Pass


Get involved



FTT Mutuals 2025 - Download previous attendee list


FTT AI Transformation 2025 - Download previous attendee list


Get involved


Get involved