2018金融科技颠覆者报告（英文版）_26页_1mb

2018 Fintech Disruptors Report Summary

Executive Summary

The 2018 Fintech Disruptors Report highlights the evolving relationship between banks and fintechs in the digital finance landscape. While fintechs have made significant strides in innovation and customer engagement, banks are increasingly focused on internal transformation and collaboration. The report underscores that the initial phase of fintech disruption, marked by collaboration and co-innovation, is giving way to a more pragmatic approach as both sectors adapt to the realities of digital finance. The key challenge remains the balance between maintaining traditional operations and embracing digital change, with the potential for fintechs to significantly impact bank revenues over the next five years.

Core Content

The Fintech Ecosystem

• Nordea has become a leader in open banking, partnering with over 800 third-party providers to co-innovate.
• Europe and the Middle East and Africa (MEA) are well-positioned to be pivotal in the digital financial services marketplace, with more than half of all fintech hubs located in the region.
• Regulatory sandboxes are being used by regulators and central banks to foster responsible innovation, with 716 planned or live sandboxes across the globe.

The Shift in Mindset

• The initial panic of the fintech wave has subsided, with banks feeling more secure due to their strong balance sheets.
• Banks are now more focused on internal transformation, mobile integration, and cost efficiency.
• Fintechs are shifting from seeking customer access and trust to scaling through partnerships and brand credibility.

Challenges and Opportunities

• Open APIs are seen as a key opportunity for both banks and fintechs, especially in light of the upcoming implementation of PSD2 in Europe.
• The digital dividend allows fintechs to expand globally with minimal incremental cost.
• Despite the challenges, the psychological impact of fintechs on the banking sector has been significant, raising awareness and pushing for change.

Key Findings

Banks

• 73% of banks still view partnerships with fintechs as the most important strategy, down slightly from 78% in 2017.
• 31% of bank revenues are at risk from fintechs over the next five years, up from 27%.
• Mobile services, artificial intelligence, and data analytics are seen as essential tools for building leaner, more responsive organizations.
• Internal transformation and cooperation with third parties are becoming more important, with in-house solutions rising in prominence.

Fintechs

• 69% of fintechs view working with a recognized brand as the main reason for partnerships.
• 64% see the potential for rapid growth in scale as a key benefit of collaboration.
• Building scale is now the primary challenge for fintechs, up from 2017.
• Trust and sustainable income streams are becoming less of a concern, with customer trust cited by 16% of fintechs (down from 26%), and access to customers and data by 14% (down from 30%).

Main Views

• Collaboration is seen as crucial for both banks and fintechs to succeed in the digital age.
• Banks are increasingly risk-averse and focused on internal transformation, while fintechs are more pragmatic and scale-oriented.
• The digital divide is still significant, with fintechs gaining more traction in customer trust and scale.
• Open APIs and regulatory compliance are emerging as key areas for investment and innovation in 2018.

Key Insights

• The digital transformation of the financial services industry is ongoing and complex, requiring a combination of strategies.
• Regulatory changes like PSD2 are driving the need for open banking and API integration.
• Banks are becoming more realistic about the potential of fintechs, recognizing the need for cooperation and data-sharing.
• Fintechs are matured in their approach, now focusing on brand credibility and scaling rather than just customer access.

Conclusion

The 2018 report indicates that the fintech revolution is moving from hype to practical implementation, with both banks and fintechs recognizing the need for collaboration and adaptation. While banks are more conservative and risk-averse, fintechs are scaling up and gaining trust. The future of digital finance will depend on cross-industry coordination, open APIs, and regulatory compliance, with the potential for significant efficiencies and growth opportunities for those who embrace the change.