A ‘paradigm shift’ is taking place in financial technology
|05/21/2017||Posted by BusinessMediaguide.Com under General World News||
A “paradigm shift” is taking place in financial technology.
Venture capital firms, which poured $117 billion into fintech startups from 2012 to 2016, have been pulling back on their investments. Meanwhile, established financial firms are positioned to step up their spending.
In a big note out to clients on May 18 titled “Fintech: A Gauntlet to Riches,” a group of equity analysts at Morgan Stanley said this shift will lead to an environment where legacy firms, or incumbents, “take the reigns”of financial innovation.
“Financials and payments incumbents are likely to be emboldened to step up R&D and take the investment lead, and read more >>>