THE RISE OF FINTECH
Introduction- Fintech
The financial services industry has seen drastic technology-led
innovation over the past years. Undoubtedly, the accelerating pace
of technological change has become the driving force in the
financial services ecosystem. Fintech disruptors have been striving
to get in the traditional ecosystem. These so-called disruptors are
fast-moving companies, often start-ups, focused on particular
innovative technologies.
As an industry traditionally comprising banks, insurers and
asset managers, Malta's finance sector has recently seen new
operators entering the market. New challenges in the post-crisis
financial landscape, pressure on banks to cut costs and changing
market dynamics driven by technology-savvy consumers have created a
fertile environment for fintech.
