The Five Phases of Fintech (2005-2027)

Chris Skinner writes about the five phases in the development of the fintech industry; phase one was from 2005-2014 and it was about disruption where new fintech platforms focused on disrupting the banks; phase two from 2014-2017 was about discussion where banks and fintech platforms began to talk and the banks learned more about what these platforms can offer; we are now in phase three 2017-2022 which Skinner says is all about partnerships as there are dozens (possibly hundreds globally) of examples of bank-fintech partnerships; phase four from 2022-2027 will be about integration where open banking and open APIs become fully integrated into the banking system; finally, phase five he says will be about renewal where banking will be integrated with fintech and big tech. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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