DH Corp., Fiserv Inc., Fidelity National Information Services Inc. and other vendors have seen a drop in spending by banking clients, citing slow technology upgrades and delays in interest rate rises; banks have also begun to outsource the technology these firms provide or they have let the current contracts linger as they search for the best long term solution; vendors are beginning to build solutions for digital banking needs in hopes of keeping up with technology trends, but bank partnerships with fintech firms are causing an uncertain outlook ahead for these leading vendors. Source
A to Z
Fintech
Data from Financial Technology Partners reports over 1,500 funding deals from over 1,700 investors in 2016; these deals accounted for $36 billion in fintech financing; data by fintech category can be seen in the chart below with banking and lending companies accounting for 29% of the year's total deals; payments, loyalty and ecommerce accounted for 22%; securities, capital markets and wealth management also reported substantial interest from investors with 19% of the deals funded. Source
