Financial services are still predominantly distributed through traditional channels.Fintech only plays a significant role in certain segments of the financial sector, such as retail payments, asset management and small loans. On the consumer side, it breaks down the market segmentation created by the numerous distribution channels organized by fund families, banks, and brokers, just like Amazon did for books and retail goods. For a very long time, different communications systems and media operated their own separate systems â producing services and content with limited distribution channels; with significant inefficiencies; and at relatively high costs to the consumer. And that can then lead to scale. Robo-advisors will change the face of distribution 5.1. assistance using digital channels are some examples in this direction. But it is rapidly expanding into sectors such as lending-based crowdfunding and chatbox customer relations services. fintech distribution channels FinTech Global director Richard Sachar said, âThe rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. Interested? All you need to know about Fintech - Financial Technology the first era of fintech, the pandemic accelerated digital adoption and triggered a new era, which we are calling Fintech 2.0. 1. Multiple Customer Touch Points. Our 400 members are a diverse group individuals who makeup the ecosystem (e.g. The emergence of the FinTech platforms, created by tech-driven rms independent of the tradi-tional distribution channels, threatens to break this institutional segmentation and reshape nancial intermediation as Amazon did for books and retail goods. 1. Drop us a note at [email protected] or call us at (312) 600-5433 for details. Channel means the system of intermediaries between the producers, suppliers, consumers, etc., for the movement of a goods or service. FinTech