The real gatekeepers of FinTech are financial institutions

As groundbreaking and disruptive proprietary solutions may seem to their creators, their success in the market is rarely attributed solely to a solution itself – especially when it comes to financial technology. The surrounding ecosystem and critical industry stakeholders are the ones playing the biggest role in enabling growth and development of the startup community. In the financial services industry, those stakeholders include watchdogs, financial institutions, FinTech-focused venture funds and the targeted consumer market among other members of the ecosystem. Altogether, they led to the 30 largest FinTech funding rounds during the first half of 2016 exceeding $4.6 billion in aggregate funding. Read more: