My prediction, which I stand by, is that we are leaving the fintech era and entering the open banking era. Financial services "eras". @dgwbirch "The Glass Bank"In the open banking era, fintechs will not vanish, but they will innovate and operate in a different way. I was listening to a techUK webinar on open banking recently and I heard the statistic that 98.5% of API calls on the UK open banking infrastructure are completing. Neither they nor the incumbents, despite spending heavily on own technology, have transformed the financial services sector.

Source: Forbes June 26, 2020 22:30 UTC