Method

Coverage

The number and types of players in the non-banking segment, and particularly in the Fintech branch is undergoing rapid growth due to the accelerating pace of innovation in the financial sector. We learn the categorical segments directly from data, although on occasion there are overlaps because of this dynamism e.g. companies diversify into different delivery platforms/devices, M&A activity, and so on. The figure shows the non-banks taxonomy used as a departing point, but this one is calibrated at regular intervals to provide a more accurate depiction of the environment as it changes--the evolving risk space.