Financial technology startups’ value has risen to $1.1 trillion, equivalent to 10% of the value of the global banking and payments industry, and up from 4% in 2018, according to the Economist’s analysis.

The focus has been on banking, insurance and payments, it notes. However, the bigger disruption in some ways is the inclusion of venture capital as a whole into mainstream capital markets as public and private markets blur and more strategic as well as returns-focused investors surge in.

This business model/ecosystem shift is far bigger and a focus for the new Global Finance Council – hear more at our GCVI Summit in September in California.