FinTech and Ecosystems

EY teams work with FinTech innovators, incumbents and investors to create the digital future of financial services. The potential for financial innovation is almost limitless and we are helping clients navigate the digital ecosystem to help create long-term value.

What EY FinTech services can do for you

Advances in technology, changes in regulations, new competitors and increasing customer demands are transforming financial services and creating a new digital ecosystem. The ecosystem, enabled by digital platforms, brings different parties across industries together to seamlessly collaborate and create new value-added products and services.

Technology is at the heart of the change and will make it easier to bring together the capabilities of the incumbent institutions and the strengths of the FinTechs. This will result in financial services at lower cost, higher speed and at a better quality to more consumers.

EY teams can help FinTechs to grow and scale, and financial institutions to transform and collaborate. Whether you are just starting out or are already a major player we can support you throughout your journey.

We believe that a well-functioning FinTech ecosystem is built on four core ecosystem attributes:

  • Talent: The availability of technical, financial services and entrepreneurial talent
  • Capital: The availability of financial resources for start-ups and scale-ups
  • Policy: Government policy across regulation, tax and sector growth initiatives, including the presence of digital public infrastructure to facilitate financial services innovation
  • Demand: End-client demand across consumers, financial institutions and government

The figure below highlights how these four attributes interconnect and identifies the network of broader stakeholders.

The diagram of the pillars of the FinTech ecosystem

EY capabilities include:

  • Collaboration: FinTech ecosystem facilitation, procurement process support and process management
  • Regulatory compliance and audit: Navigate compliance and regulation (regulatory strategy, risk management and audit)
  • Digital strategy and platforms: Provide services effectively via web, mobile and API channels; provide advice on building digital ecosystems, embedded finance and "bank as a service" offering leveraging the FinTech ecosystem
  • International expansion: Capitalize on global opportunities (new market strategy, international tax and legal services)
  • Talent: Attract, motivate and retain talent (organizational design, employee management incentives)
  • Fundraising and valuations: Raise, invest, improve and preserve capital (transaction support, M&A advisory, IPO preparation, SPAC and De-SPAC support)
  • Tax and finance: Improve financial management and reporting functions
  • Cyber and IT risk: Assess and manage technology-related risks

The next stage of FinTech evolution

Explore our latest podcast series on how to support the next stage of FinTech evolution.

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