A distinction can be drawn between FinTech operators that seek to provide financial services to customers directly (B2C), and those which seek to help incumbent financial institutions and other financial services businesses improving their own offerings (B2B). FinTechs providing direct customer services tend to focus on retail and small and medium enterprise (SME) users, whereas in corporate and investment banking because of the need for sophisticated expertise, deep relationships and capital, FinTechs more often partner with incumbents. Incumbents (including financial institutions as well as major IT, ecommerce and technology firms) are also making efforts to develop FinTech internally.
Click here for the full report. This report was prepared by Financial Services Development Council and is for reference/ information only.
Click here to view PwC Hong Kong's FinTech Survey 2017
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