Publication Date: September 2016
The term ‘FinTech’ might be both the most over-hyped and under-estimated term the industry has seen in decades. On one hand, from an investment standpoint, venture capital (VC) funding of the FinTech revolution has been staggering, resulting in billions of dollars of investment. We have seen a significant reduction in barriers to entry and customers’ digital expectation demands explode. However, very few start-ups have managed to use their agility and innovation to fill gaping holes in the customer experience left by traditional firms with viable business models that achieve scale and distribution.