Page 11 - UUBO Deal Academy 2020 - Materials

ARE FINTECH FRIENDS OR FOES?

FinTechs
were The majority of financial institutions previously
previously viewed FinTechs as existential threats that may
viewed as be coming after a piece of their market share
threats

FinTechs are now increasingly seen as an
FinTechs are opportunity to differentiate — a critical source
gaining of innovation helping to infuse a more agile,
recognition entrepreneurial mind-set into a conservative

industry that is slow to change

Today, most companies have pivoted to more
Relationship evolves FinTechs are engaged and proactive collaboration. Many are
from “us versus them” more friends looking to shape, finance, and utilize FinTech to
to “us and them,” than foes fuel their own reinvention and growth

01 Source:
Deloitte Publication: FinTech By The Numbers