Fintech is transforming the banking and financial services industry. It’s incorporating innovation and responding to consumers’ demands.

Banking and financial service firms are introducing digital payments, card less transactions, mobile deposits and other self-service options to Business-to-Business (B2B) and Business-to-Consumer (B2C) markets. Last year, the industry had over 1,700 deals with nearly $40 billion, reports CB Insights. Visits to bank branches are expected to drop 36% between 2017 and 2022, while mobile transactions are expected to grow 121%, according to The Financial Brand.

Gone are the days of big data. Here to stay are the businesses — including personal financial management, insurance, payment and asset management firms — which are leveraging open source applications to solve a host of problems, from exploring new technologies to delivering real-time services. Simultaneously, they are reducing costs, accessing top talent and receiving best-of-breed technologies.

Among the open source firms which have joined our network are AlibabaAnt Financial Services Group and Tencent Holdings.

Banking & Financial Services Industry News

Read More Banking & Financial Service Industry News

Join leaders from the Banking & Financial Services Industry

Tencent
Rakuten
alibaba
SMFG
UnionPay
Ant Financial
FINOS

What our members say

The convergence of technology and finance has resulted in an increase in PAE litigation against financial services companies involving non-financial services-related patents.
Josh DeathTD Bank