For startups with viable business models and growth strategies, the next phase of development will be theirs to lose.
Boston, November 29, 2017 – Despite concerns over a startup bubble, the fintech startup space continues to grow and attract hundreds of millions of U.S. dollars in investments. Large financial institutions have also changed their approach over the years, with firms seeking innovation for the sake of investment return, revenue generation, and cost reduction, and to support banks’ core strategies. While the metrics for measuring success may differ across firms, it appears that the concept of innovation has certainly taken a more prominent role within global investment banks.
This Impact Note highlights some of the key market trends driving innovation in the fintech space and profiles five fintech firms that have established themselves as leaders in their respective markets: Betterment, Duco, InvestCloud, OpenFin, and Riskalyze. This research is based on qualitative interviews Aite Group conducted with leading startups in the securities and investments segment and other key market participants.
This 28-page Impact Note contains six figures and three tables. Clients of Aite Group’s Institutional Securities & Investments or Wealth Management services can download this report, the corresponding charts, and the Executive Impact Deck.