However, the authors claim, we are now preparing to enter 'Fintech 2.0', as open data and APIs, cloud computing and intense cost pressures combine to push fintech firms deeper into the heart of banking, fundamentally changing the infrastructure and processes at the core of the industry. Among the areas investigated are the applications for the Internet of Things, how to be smarter with data, and creating frictionless processes and products. Examples highlighted include the streamlining of processes surrounding the creation of $25 trillion of new mortgages issued annually across the globe, and addressing the estimated $4 billion lost through inefficiency in global collateral management within the asset leasing sector.

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