Banking

simonrowles1

1695-3-marc-niederkorn

We see over 30 areas emerging as new norms in banking

Key Fintech trends

NOT EXHAUSTIVE

Beyond banking

…%

% of database sample

Retail value

chain & coupons

Virtual

marketplace

Next generation

marketing

Digital for

unbanked

Digital model

re-inventers

Payments

Retail

Wealth management

Insurance

SME

Capital markets &

investment banking

Mobile

payments

$

Next generation

PFM

Robo-advisory

Telematics

One-stop-shop

for businesses

Next gen.

trade finance

International

remittances

P2P lending &

investment

Social

investing

Social

integration

P2P corporate

lending &

investment

Trading

mPos devices

New digital

lending

$

Crowdfunding

IoT & connected

devices

Next generation

SME

lending

$$

Next gen.

collateral

management

Other payment

processing

Aggregator,

Comparison

engine

Investment

across regions

Prevention

Digital cash

management

Trade

analytics

Operations

and infrastructure

Blockchain

API

ecosystem

Payment

infrastructure

Big data-based

risk assessment

AML / KYC $

AI / Machine

learning

Cyber

security

SOURCE: McKinsey Panorama

McKinsey & Company

7

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