Fintech what does all this mean for consumers? This article is about what they believe to be the next wave of innovation shaping the future of personal financial services....will all happen, a bit later than expected e.g. not in 2016, but more likely 2017-2020
If 2015 was the year of the great “Bank Unbundling,” with new companies dissecting the consumer banking experience to offer specialized services, it was also a year that saw the emergence of a new landscape of financial influencers taking a seat at the table. Technology companies are increasingly vocal about their role in the finance ecosystem. It is telling that we are seeing organizations spring up like Financial Innovation Now, a policy group composed of companies including Amazon, Apple and Google — a hint that big banks are likely to be facing increasing pressure not just from upstart companies, but large, well-recognized brands with the reach and funding to offer a comprehensive suite of financial services if (but more likely when) they choose.