Leading financial institutions are refashioning themselves to fit into an ecosystem of fintechs and consumer brands. They’re adopting a new mindset: find a place for themselves in the fintech ecosystem, lean into their strengths, and don’t swim against the tide.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
WHAT’S IN THIS REPORT? Faced with competition from fintechs and consumer brands, leading banks and technology providers have revisited their strategies. We spoke with executives at financial institutions, fintechs, and vendors about how they’re pursuing change or reacting to it.
KEY STAT: As of December 2021, almost half (42%) of US adults had recently used a service like Apple Pay, Google Pay, or Shop Pay, indicating that many consumers have encountered embedded finance without knowing it.
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