The future of FinTechs is filled with excitement and a journey that is changing direction very frequently. It is very possible that FinTechs become big enough to overtake the existing financial firms and subsequently marginalize them. There is also a possibility that they will coexist in a synergetic relationship.
We see more than a million start-ups and FinTech organizations emerging
across the globe, with multiple overlaps of customer journeys. It is evident that only the ones that address the customer needs and remain profitable will succeed in the future. Nonetheless, the learning and transformation that these start-ups are driving will present an entirely new way of managing finances in the next decade, including probably dismantling the categorization of the industry as a financial services industry