This white paper outlines some of the reasons why — given the diverse new businesses and amount of capital flowing into the fintech sector — many traditional banks should be extremely concerned about the threat posed to their margins and profitability.
However, not all new entrants will be successful — only a few have what it takes to turn the sector on its head.
The white paper looks primarily at customer behaviour and those areas where banks are particularly vulnerable. It also includes a case study (Money on Toast) taken from a more in-depth Lafferty Group report, Breaking the Banks: New entrants, new rules, which offers additional analysis and over 30 case studies, ranked by the threat they represent to traditional banking models.
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