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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