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The Financial Services Guide to Fintech

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The Financial Services Guide to Fintech

Driving Banking Innovation Through Effective Partnerships

Kogan Page,

15 min read
9 take-aways
Audio & text

What's inside?

Fintech is transforming the traditional financial services architecture.

Editorial Rating



  • Comprehensive
  • For Experts
  • Insider's Take


No industry or business is immune from what economist Joseph Schumpeter termed creative destruction, including banks. For more than a century, banks ruled, but that began to change in the early 2000s, when the sector faced an emerging competitor: fintech. Expert Devie Mohan explores the developing fintech space across a variety of factors, including its future trends. Financial executives, consumers and fintech disrupters will discover keen insights and a reservoir of knowledge in this robust work.


Fintech entities have emerged as alternatives to traditional financial services providers.

Long immune from competition, the banking and financial sector finally faced the threat from the disruptive force of fintech after the 2008 global financial crisis. The wreckage from the economic implosion changed the landscape of financial markets. In the United States, bailouts rescued Wall Street and the affluent, but they did little to assuage the average American. Main Street consumers were incensed, and their distrust of financial institutions boiled over, leading them to explore other avenues by which to handle financial transactions. 

Confronting the conventional financial services infrastructure, fintech companies have debuted customer-centric offerings in the areas of payments, investments, credit, data analysis, digital currencies and more. Fintech – built on technological innovation, an embrace of the sharing economy and consumer skepticism of the banking giants – has increased transparency, reduced costs, streamlined transactions and produced greater efficiencies.

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About the Author

Devie Mohan is a fintech marketing strategist and research professional.

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    R. T. 2 years ago
    In the book itself, I’d have liked to see a little more balance in the argument that Fintech is taking over the world. Namely, what challenges does Fintech itself face in the rapidly evolving financial services sector? But this was definitely a useful basic read on a very important digital sector.