There is a fintech-fuelled wind of change in the payments space.

Financial technology startups and non-bank providers are disrupting and complementing traditional payment-related practices, transforming our everyday lives in the process. Alternative, customer-centric business models aim to change how, when and where payments are made. And yet, payments represent only one of the main categories in the financial technology market.

Raconteur’s recent Future of Fintech 2018 report sheds some light on the way traditional financial services institutions perceive their customers’ usage of fintech technology for various purposes. The main findings are reflected in the infographic below:

 

 

 

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