Threat to retail banks from Fintech in Europe 2014, by product

This statistic presents the likelihood of the threat posed to current retain banks from the new financial market participants, among those fintech start-ups and companies, in Europe as of 2014, broken down by products. In terms of payments, new market entrants posed a very likely threat according to 61 percent of respondents. Further 34 percent confirmed that new financial companies were "likely" a threat in the area of payments.

Fintech seen as threat to existing retail banks in Europe as of 2014, by product

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Source

Release date

November 2014

Region

Europe

Survey time period

2014

Number of respondents

60 respondents

Special properties

banks from 15 countries

Supplementary notes

Figures have been rounded.
Threat predicted within the next three years.
The source provides further information: "Fintech is the term that has now become established to described the digitisation of the financial sector. It is a catchall used for advanced, mostly internet-based technologies in the financial sector."

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Statistics on "Challenger banks in the United Kingdom (UK)"

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