Harnessing the Fintech Opportunity – An HSBC Industry View

by Mark Evans, Head of Payments Advisory, Global Liquidity & Cash Management, HSBC

One of the most frequent debates in the financial media that has arisen over the past year or two is the potential impact that financial technology (‘fintech’) providers will have on the traditionally unassailable banking domain. With regulations such as the Payment Services Directive (PSD) that break apart the competitive landscape to allow non-bank payment services providers (PSPs), marketplaces that blur the distinction between users and providers of ecommerce, and new players emerging to fulfil demands for commercial credit, the transaction banking landscape is more colourful than we have seen for many years.

Phases in fintech evolution

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