Nearly £1m in additional revenue generated by fintechs who outsource to specialists
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Report from Moorwand explores the impact of outsourcing to either specialist or generalist providers on fintech growth
London, UK, 4th August 2021: Moorwand, a payments solution provider, today launched a report that reveals fintechs who outsource to specialist partners generate nearly £1m in additional revenue. The report ‘Specialists vs. generalists: How do fintechs fuel growth?’ explores why and how fintechs outsource to third parties, the importance of outsourcing for fintech growth, and the impact of working with specialists or generalists on fintech businesses.
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To understand why and how fintechs outsource, Moorwand commissioned an independent study of 75 senior decision makers at fintech firms across France, Germany, Ireland, Lithuania and the United Kingdom. In particular, Moorwand wanted to understand whether fintechs outsource to specialist partners that provide a specific service, or generalist partners that provide a range of services. The study features contributions from leading technology providers and consulting firms including FN1X, GPS, Pannovate, Polymath Consulting, Ozone API and W2.