The lines between financial services (FS) and technology, media and telecommunications (TMT) firms have blurred to the point that the roads are a free-for-all and previously distinct sectors are colliding.


Many TMT companies are applying for FS licences, and FS organisations have begun calling themselves technology companies. Fintech, or financial technology, is at the epicentre of this transformation. The FS and TMT industries are both using it to sharpen operational efficiency, lower costs, improve customer experience and heighten the appeal of their products and services. They are also carving out new commercial possibilities.

Banks are offering redesigned client propositions and cost profiles. Investment managers are deploying fully customised robo-advice. Insurers are using sensors to monitor people’s health and help prevent illness. And according to a survey, consumers are ready for the digital shake-up. The question is no longer whether fintech will transform FS, but which firms will apply it best and emerge as leaders.

We think many companies will be transforming and not only embrace fintech-driven business models but figure out how to navigate wider and more crowded lanes with approaches that make the most of FS and TMT’s combined strengths.

The most used features in financial application all over the globe

Money transfers and payments
Savings and investments
Financial planning

Fintech impact on financial services and market stability

  • leading FinTech providers and successful alliances between start-ups and incumbents are becoming systemically important
  • the current legislative base doesn’t cover all the issues related to the activity of non-bank institutions
  • the use of cryptocurrencies may cause price volatilities and affects payment systems

Despite the challenges above, the FinTech industry doesn’t intend to slow down and will only continue to surprise with brand-new models of collaborations between young start-ups / service providers and established banks. However, it is more apparent in recent years that many start-ups are now registering their company in offshore jurisdictions for the obvious low tax, flexible legal framework as well as the time and cost efficiency in setting one up.


Offshore Business provides clients with the best options to obtain the most suitable FinTech financial services licenses based on their business requirements.

Feel free to connect with our consultants to find out on the criterias and how to apply for your FinTech license now!