The rapid growth of the fintech industry has not yet received a warm embrace from investment banks and other capital markets (CM) institutions. Only 569 global fintech startups out of the 8,000 tracked in an ongoing Boston Consulting Group survey engage in CM activity. And CM institutions have invested relatively little, compared to retail and commercial banks, in adopting the efficiencies that fintech has to offer. This authoritative analysis showcases what CM firms are missing by not getting onboard with fintech. getAbstract recommends this informative study to financial professionals and investors.
In this summary, you will learn
- What investment banks and other capital markets (CM) firms have to gain by implementing financial technologies,
- How CM institutions can work with fintechs and
- What four areas can benefit from financial technology.
About the Authors
Philippe Morel et al. are professionals with the Boston Consulting Group.