In every era there is one defining company that paves the road for the entire industry. Social media had Facebook and ride-sharing had Uber. Many critics have yet to come to a solid conclusion if that company has been found for fintech yet. While many different companies have propelled the banking business far, it does not have a clear cut path for who is the “Facebook of Fintech”.
Some have argued that CapitalOne is that industry shifting company that has impacted Fintech, but many disagree. Although CapitalOne was one of the first movers for data-driven marketing for the banking industry, it does not exemplify the technological age in which Fintech has propelled itself into.
The company does have a variety of online banking tools and mobile apps that contends itself to be in the FinTech industry and has been consistently ranked in the top 20 for App Annie’s.
However, have we had that “game changer” start-up that has shifted the world of Fintech? According to a recent twitter 68% said we have yet to see that happen.
So, let’s all be on the lookout for that monumental mover that will take Fintech to a whole new level.
Source: http://bankinnovation.net/2017/03/is-bankings-uber-moment-coming/?utm_medium=email&utm_source=fintechweeklycom