What’s the value of fintech?
In recent years, the Fintech ecosystem has seen tremendous growth, predominantly as a result of ongoing technological advancement, shifting customer expectations, greater availability of capital and strong support from the regulators.
Building on KPMG’s Pulse of Fintech report and the extensive interviews done with leaders in the financial services ecosystem, the City of London Corporation commissioned KPMG to produce a deep dive to understand how fintechs enhance the role of financial services firms. Specific areas include:
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Improvements to financial inclusion
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Enhanced customer experience offerings
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Greater transparency
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Modernised security and compliance solutions
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Additional support and guidance.
The Value of Fintech report contains a number of suggested actions for the UK fintech ecosystem, including a sector deal with the Government to drive fintech innovation and improve financial services while building on the UK’s reputation as a global destination for fintech.
Access the report here.
