BCG Introduces FinTech Control Tower to Help Decision Makers Supercharge FinTech Growth Strategies and Releases Q3 State of FinTech Report
Singapore—Boston Consulting Group (BCG) today announced FinTech Control Tower, a first-of-its-kind fintech insights platform to help companies, including banks, insurance companies, and private equity and venture capital firms, see the fintech industry—an industry focused on technology to enable financial services—as it is today and predict how it will look tomorrow. The goal of FinTech Control Tower is to help companies define, refine, or supercharge their business strategies such as merger and acquisition strategies or collaboration across industries, and meet customer demands for better digital service offerings.
FinTech Control Tower was developed over a five-year period and is informed by hundreds of “super user” interviews. The platform sources data and insights for more than 26,000 fintech entities from a vast network of data feeds, industry associations, and consulting experts. Startups, mid-sized companies, and global corporations can analyze trends, compare fintechs for investment viability, and make fast but highly informed decisions on how to accelerate their fintech agenda. Clients with more complex challenges can also take advantage of FinTech Control Tower’s customized research and consulting services to enhance their strategies and chart their next moves.
“There is massive opportunity for corporations across all industries to implement or evolve financial technology offerings,” said Pauline Wray, co-lead of FinTech Control Tower and managing director at BCG in Singapore. “As the industry continues to grow, it’s hard to keep up with the flow of information and spot key trends, emerging competitors, or opportunities for partnerships and investments. FinTech Control Tower puts the right data and insights needed in one place, so users can make their own decisions quickly - whether to invest in, partner with, or create a new fintech entity—to build their businesses and connect with customers.”
Investment Trends Drive Need for the Right Data
The fintech investment surge continues to drive competition and the need for companies to take informed and swift action. Funding trends are driven by two segments—payments and accounts products—with North America leading global investments, according to BCG’s “State of FinTech” Q3 report:
FinTech Control Tower is currently being piloted with 50 leading companies, including tier one banks, insurance companies, and private equity and venture capital firms. FinTech Control Tower will be commercially available in January 2022.
To learn more about FinTech Control Tower and how your company can obtain access to the platform, visit: https://fct.bcg.com/
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