The data describes the reactions of global banks to the development of Fintech companies as of February 2015. It was found that 7% of banks launched their own Fintech subsidiaries as a result of the development of the Fintech sector worldwide.
Fintech – additional information Fintech, short for Financial Technology, has been growing over the past few years. Fintech companies tend to find holes in traditional banking and fill them in with a new service. They challenge traditional banks by offering new services such as mobile payment, peer-to-peer lending, personal finance management and virtual currencies.
|Startup programs to incubate Fintech companies||43|
|Set up venture funds to fund Fintech companies||20|
|Partnering with Fintech companies||20|
|Acquired Fintech companies||10|
|Launched own Fintech subsidiaries||7|