ABANA is excited to share with you the second DeNovo Q2 FinTech ReCap and Funding ReView. DeNovo represents the next generation of strategy consulting – a new platform powered by PwC’s Strategy&, focused on the impact of FinTech innovation on financial services firms. As part of the DeNovo offering, we have a dedicated team of subject matter experts and research analysts who cut through the FinTech noise to explain which startups, technologies, and trends are relevant to you and, more importantly, why.
This issue discusses:
- The Un(der)banked population represents the single largest opportunity in FinTech today. Mobile money services to the un(der)banked is a $3 trillion payments opportunity, a $360 billion opportunity in unmet US banking deposit demand, and $20 billion in uncaptured insurance premiums in the US market alone.
- The impacts of millennials on wealth management and how firms will need to consider the “socialization” of wealth management in order to capture the $30 trillion wealth transfer opportunity over the next 30 years
- The blockchain ecosystem as several “stacks” are starting to form and standardizations of technology and regulation are influencing its adoption
FinTech funding recap and where the outliers are with funding down 26% quarter over quarter (hint: InsurTech for one)
- A RegTech update on draft rules for payday and installment lenders and the impacts of a recent Supreme Court ruling
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