|
Fintech |
Neobanks |
Big-Tech |
Description |
High-tech startups: P2P, FX, crowdfunding, cryptocurrencies and blockchain |
High-tech startups with a banking license. Independent or as part of large companies. P2P, FX, crowdfunding and microlending. |
Global or local tech giants |
Examples of |
Ripple, Stipe, WeFinance |
Starling, Monzo, Revolut |
Amazon, Google, Facebook, Apple, Alibaba, Yandex |
Strengths |
Time2market, quality, convenience, price for the client |
The main threat for classic banks is the synergy of BigTech and neobanks |
Time2market, quality, convenience, price for the client, banking license |
Time2market, quality, scaling, customer base, BigData, banking business - not core |
Weak sides |
Client trust, financing, banking expertise and business scalability |
Financing and business scalability |
Client trust and expertise in the banking industry |
Perspectives |
Bank vendors/BigTech |
Part of the banking system |
Competitors for banks |