EC1’s huge 2016 and market intel on FinTech 2017

Where we’ve come from

We established ourselves in early 2008 during the financial crisis and have demonstrated that not even a tough market can slow us down. EC1 Partners, while capitalising on the wealth of experience the team possesses – was created as we saw a need for a new, more dynamic, more adaptable outfit that truly does what it says.

As we've grown within that market we've developed our service offering and began building relationships with the top talent within Product, IT, Marketing, and HR. We've also grown our international reach with offices now in London, New York, and Singapore. We now service the global FinTech market with a more comprehensive covering, ensuring that at all times we source and produce the premium level of talent in each sector.

2016 – A year in review for EC1 Partners

2016 has been one of our most successful years. We’ve placed more candidates than ever, grown our teams in all locations, and built some fantastic new relationship with key new clients.

As a business we’ve expanded quite dramatically over the last 12 – 18 months. Our teams in New York and Singapore have grown to the point where both offices have had to find larger spaces to accommodate the increase in team numbers. We’ve also made some key new hires in London to further cement our position in our existing markets and to help grow new areas of the business. As a sign of prospering growth and opportunity in Singapore, our Managing Director Simon Eglise moved to our Singapore offices to help meet the high demands that our Singapore office is experiencing. Since moving, Simon has helped the team build new relationships, make some key hires, and support the team in a number of key placements that have taken place this year.

2017 - The year ahead for EC1 Partners

With 2016 almost completely behind us, the shift to 2017 has already taken place. Next year looks to be a really strong year as the FinTech market continues to see huge investment and growth across the globe. We will be looking to make further hires in all three locations in 2017 as we look to expand and continue to increase our offering into different areas of the FinTech market.

The state of the FinTech market in 2016 and 2017

2016 has been a huge year for FinTech. Global FinTech investment has reached $49 billion and is predicted to reach $100 billion by 2020. Recent studies have also shown just how dominant and explosive the industry has become and will continue to be. 83% of respondents believe that part of their business is at risk of being lost to stand-alone FinTech companies with more than 20% of traditional FS business at risk to FinTech’ s by 2020.

The big agenda for FinTech in 2017 is MiFID II. MiFID II is a piece of legislation that regulates firms who provide services to clients linked to ‘financial instruments’ and the venues where those instruments are traded. The implementation of MiFID II is set to take effect on 3 January 2018 and will transform the financial markets of Europe having a wide ranging impact on the entire FinTech industry.

As a fairly broad piece of legislation and depending on your business model, there could be significant changes to a wide range of your firm’s functions – from trading, transaction reporting and client services to IT and HR systems.

MiFID II will most likely generate new practises by market participants with indirect effects on firms in the market. There will also be increasing automation and transparency which will change the way Financial Institutions trade and manage their businesses.

Data Management and Analytical Tools will be required to handle a tremendous volume of data, existing revenue streams will decline and new market participants will arise amongst the financial workflow. There are huge opportunities for new FinTech firms to move in fill the need while traditional FS firms are also in a positive position to utilise their size and structure to collaborate with or acquire smaller FinTech firms in attempt to grow their own businesses.

Basel regulations are having and will continue to have an impact in 2017 with banks and clients being forced to think about clearing. We also think that Standardized TCA tools across venues will grow in 2017.

At EC1 Partners, we envisage 2017 to be a fast paced changing environment. 2017 will require traditional FS firms and FinTech firms to have a nimble precise response to stay ahead of changing client demands and needs. Regulation will continue to play a key role in 2017 but firms should look at the pace of the environment and the role of regulation as an opportunity to find new growth rather than as a barrier to it. As we’ve seen in the past, there will always be another player who will take advantage of market shifts and client demands and teams who are nimble and focussed on these shifts and changes can make huge gains in 2017. As always, our expertise in helping FinTech firms grow out their teams is unparalleled so if you’re looking for the top quality candidates or you’re looking for a new opportunity in 2017 – get in touch with us.

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