The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Unleashing the potential of FinTech in banking

FinTech is disrupting the banking industry.

Banks are aware that they need to react to the rapid emergence of new market players, but even still, our analysis of 45 global banks reveals that only 25% are extensively engaged with FinTechs.

The global FinTech industry is growing rapidly, driven by a powerful blend of innovative start-ups and major technology players. Banks that want to leverage its potential must act now to find ways to engage with these innovative organizations to achieve value-creating collaboration. Unless banks and FinTech firms get better at working together, neither will reap the full benefits of innovation. They must partner, or they may perish.

Building better partnerships: actions for banks and FinTechs

Embedding FinTech in the banking ecosystem

Unleashing the potential of FinTech in banking
The most successful banks will be those that improve agility and reduce costs by collaborating with a range of different partners to build the strongest ecosystem. Banks can't do it alone; the culture must be one of collaboration. But to achieve this future state, banks will need to unleash the potential of FinTech in their own organizations – and both need to get better at working with each other to successfully drive innovation.

How can banks become leading innovators?

Contact us to learn more

EY global contacts

Bill Schlich
Global Banking & Capital Markets Leader
Toronto
+1 416 943 4554
John Weisel
Deputy Banking & Capital Markets Leader
New York
+1 212 773 8273
Karl Meekings
Global Banking & Capital Markets Lead Analyst
London
+44 20 7783 0081
Ankita Srivastava
Global Banking & Capital Markets Analyst
India
+911 246192949

EY FinTech leads


Imran Gulamhuseinwala
Partner,
EMEIA and Global FinTech Lead
United Kingdom
+44 77 7079 3113

James Lloyd
Executive Director,
Asia-Pacific FinTech Lead
Hong Kong
+852 28499340

Matt Hatch
Partner,
Americas FinTech Lead
United States
+1 415 894 8219