The fintech industry is entering a period of rapid change, according to a new report from McKinsey & Company.

"Companies wondering how they will fit into this new era must first understand the forces that are pushing the changes," write Miklos Dietz, Vinayak HV and Gillian Lee in a McKinsey report published in November.

According to the McKinsey report, the fintech industry has matured rapidly in recent years and there's no sign this momentum will stop anytime soon.

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Emily Zulz

Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.