IoT Start-up Tracker- Digital Banking and Financial Services Growth Opportunities

Description

Digital Banking to Support the Future Growth Potential of IoT Platforms

The banking and financial services industry is increasingly focused on reducing cost and increasing efficiency and profitability. This Internet of things (IoT) start-up tracker helps participants in the digital banking and financial services ecosystem identify solution providers with offerings that address industry challenges. The start-up tracker provides a rich database of start-up and niche players that can transform processes in digital banking and financial services and add value to the end user. These companies were selected based on the Frost & Sullivan Best Practices database and global fintech ecosystem mappings and rankings. Each shortlisted company has been screened, analyzed, and assigned an overall score based on the criteria described in this study. A list of start-ups focused on digital banking and financial services was made by region, and categorized into the following segments: payments, insurance, and banking. The study is the result of detailed primary interviews with digital banking and financial services start-ups that stand out in different regions. It offers a competitive profile and highlights relevant developments, strategies, and value propositions in this space. The study also identifies the growth opportunities emerging from the changes in the digital banking and financial services ecosystem for market players and stakeholders to leverage.

The IoT space is still in flux and has significant overlap with other industries, such as automotive, energy, and transportation. To accurately observe and measure IoT-related economic activity, Frost & Sullivan uses certain criteria to determine if a product, application, or service is to be considered part of the IoT industry. Specifically, a product, application, or service must be part of a larger solution and feature the following to be considered a component of the IoT:

Objects that are virtualized and imbued with data measurement capabilities

The ability to grant identities to physical and virtual objects

Interconnections between the objects in the solution for monitoring and interaction purposes

The ability to generate real-time insights from data and incorporate them into existing business processes

Product Code: K8BF-67

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Digital Banking and Financial Services Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Market Definition and Methodology

Definition of the Internet of Things (IoT)
Scope of the Study
Research Process and Methodology
Research Process and Methodology (continued)
IoT in Banking and Financial Services-Key Topics Covered in This Study

Growth Environment

Frost & Sullivan's Fintech Definition
Complexity is the New Reality of Financial Services
Evolution of FinTech
Banking and Financial Services Industry Snapshot
Expected Transformations
Timeline of IoT in Financial Services
Use of Technologies in the Banking and Financial Services Market
Use and Importance of IoT in the Banking and Financial Services Market
Main Challenges of the Banking and Financial Services Industry
Payments
IoT in Virtual Currency
Impact of Virtual Currency on the IoT Ecosystem
Insurance
IoT in Connected Insurance-Wearables
IoT in Connected Insurance-Telematics
Banking
Timeline of Digital Banking
Bank of the Future
Future Innovation Potentials for Digital Banking
IoT in ATMs
Impact of ATMs on the IoT Ecosystem
IoT in Digital Branch Banking
Impact of Digital Branches on the IoT Ecosystem
Top 4 Growth Opportunities in Digital Banking and Financial Services Market
Critical Success Factors for Growth

Key Competitors

Key Competitors (Start-ups) in the Digital Banking and Financial Services Market
Scoring Methodology for Competitive Profiles
Innovation Target for Competitive Profiles

Company Profiles

Makusafe-Company Profile
Makusafe-Analyst Viewpoint
Insurance & Mobility Solutions (IMS)-Company Profile
IMS-Analyst Viewpoint
The Floow-Company Profile
The Floow-Analyst Viewpoint
Concirrus-Company Profile
Concirrus-Analyst Viewpoint

Growth Opportunity Universe

Growth Opportunity 1-IoT Platforms for Personalized Financial Services
Growth Opportunity 1-IoT Platforms for Personalized Financial Services (continued)
Growth Opportunity 2-IoT Devices for Augmented Digital Banking Awareness
Growth Opportunity 2-IoT Devices for Augmented Digital Banking Awareness (continued)
Growth Opportunity 3-IoT Profissional Services for Improved Financial Outcomes
Growth Opportunity 3-IoT Profissional Services for improved Financial Outcomes (continued)
Growth Opportunity 4-Managed IoT Connectivity Services for Digital Branches Expansion
Growth Opportunity 4-Managed IoT Connectivity Services for Digital Branches Expansion (continued)
List of Exhibits
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