FinTech is evolving beyond traditional banking and payment replacement, transforming macroeconomics

DUBLIN, 5 October 2022 /PRNewswire/ — The “Global FinTech Marketplace: Technologies, Applications, and Services 2022 – 2027” report has been added ResearchAndMarkets.com’s Offering.

This report provides a comparative analysis between legacy financial systems and new FinTech solutions, including disruptions, potential benefits and challenges.

The report evaluates the evolving FinTech market ecosystem, including startups, banks, investment firms, insurance companies and non-financial organizations. The report analyzes the global impact of FinTech and the outlook for specific regions. The report provides forecasts for the period 2022 to 2027.

Financial technology (FinTech) represents a combination of financial services with information technology (IT) that is disruptive to the established financial system as it transforms financial services, including improvements to existing areas, as well as completely alternative solutions. For example, the legacy financial system is under serious threat from new technologies, such as blockchain, to eliminate the need for intermediary trust agents for payment clearance and settlement.

FinTech-enabled services include peer-to-peer money transfers, lending services, online payments and mobile payments. Financial organizations can develop solutions in-house, collaborate with FinTech solution providers or acquire them. Aside from operational issues and/or user experiences, CAPEX and OPEX factors heavily influence these decisions.

There is a high level of interest in FinTech from the investment community as well as large companies such as Google, Intel, Salesforce and many more. The banking industry is also beginning to embrace FinTech solutions to establish distribution channels and to fend off competition from third parties.

Select Report findings

• The global FinTech market will now 225.1 billion dollars by 2027, growing at 12.9% CAGR
• The software segment is the largest segment with 47% of the total global market share
• The digital payment segment is the largest solution with 94% of the total global market
• USAGreat Britain, China, Germanyand India are the largest countries in the global FinTech market
• The Americas is the largest region with 76% of the total global FinTech investment market

Key topics covered:

1. Summary

2. FinTech Market Overview
2.1 Financial technology
2.2 The driving force for FinTech
2.3 FinTech landscape
2.4 FinTech Company Types
2.4.1 Money transfer
2.4.2 Equity financing
2.4.3 P2P Lending
2.4.4 Mobile payments
2.4.5 Trading platforms
2.4.6 Other services
2.5 FinTech Categories
2.5.1 Digital payments
2.5.2 Business finance
2.5.3 Consumer financing

3. FinTech and Big Data
3.1 Current state of Big Data in FinTech
3.2 FinTech Big Data Initiatives
3.2.1 FinTech CRM and real-time response
3.2.2 FinTech and predictive analysis of customer behaviour
3.2.3 FinTech and mass customization
3.2.4 FinTech and fraud prevention
3.3 FinTech Big Data Market Opportunity: Streaming data in finance

4. FinTech ecosystem
4.1 Hardware and infrastructure
4.2 Financial institutions
4.3 The Government
4.4 Contractors
4.5 Application Providers
4.6 Advice and service providers
4.7 Suppliers of security solutions
4.8 Cloud and Big Data Analytics Providers
4.9 Investment Groups
4.10 Social network
4.11 B2B2C distribution channel
4.12 Cash-in/out mechanisms
4.13 Business models
4.14 Collaborative innovation
4.15 Crowdfunding Platforms
4.16 Competitive landscape: Banks vs. OTT players

5. FinTech market drivers
5.1 Digitization in the traditional banking sector
5.2 Algo Banking
5.3 The emergence of mobile banking services
5.4 The rise of the FinTech Start-Up Ecosystem
5.5 The rise of data-driven banking
5.6 The Rise of the Crowdfunding Economy
5.7 The emergence of online financial services
5.8 Increasing use of non-bank options to manage money
5.9 Use of machine learning and big data to control payment fraud
5.10 Increasing patterns of M&A transactions
5.11 Change in consumer behavior patterns
5.12 Blockchain Technology
5.13 Emergence of e-commerce
5.14 Increase in mPoS Payments

6. FinTech market challenges

7. FinTech Market Outlook and Forecasts 2022 – 2027
7.1 FinTech Investment Outlook 2022 – 2027
7.1.1 Global Bank IT investment
7.1.2 Global FinTech Investments
7.1.3 Global FinTech investment in software, hardware, security and consulting
7.1.4 Global FinTech Investment: Retail Vs. Business Finance
7.1.5 Global FinTech Market by Region
7.1.6 Global Banking Internal FinTech investment
7.1.7 Global FinTech Agreements 2022-2027
7.1.8 Global FinTech funding by investor type
7.2 FinTech users 2022-2027
7.2.1 Global FinTech Users
7.2.2 Global FinTech Users by Usage Category
7.2.3 Global FinTech Users by Income Group
7.2.4 Global FinTech users by age group
7.2.5 FinTech users by geographic region
7.2.6 FinTech adoption by digitally active users
7.2.7 Reason for FinTech popularity
7.2.8 Growth barriers to FinTech use
7.3 FinTech Market Dynamics
7.3.1 Impact of FinTech on banks and value chain partners
7.3.2 Bank preparedness to meet digital challenges
7.3.3 Bank strength to combat digital challenges, including FinTech
7.3.4 Global banking revenue risk from digital disruption, including FinTech
7.3.5 FinTech Startup Exits

8. Digital industry and payment measures
8.1 Google
8.2 Facebook
8.3 Apple
8.4 PayPal
8.5 square
8.6 Bitcoin
8.7 SocietyOne
8.8 Amazon Payments
8.9 Stripe
8.10 Samsung Pay
8.11 Alibaba
8.12 Western Union
8.13 Amex, MasterCard and Visa
8.14 Lending club
8.15 Financial innovation now
8.16 Stellar

9. Bank initiative analysis
9.1 Goldman Sachs
9.2 Barclays
9.3 Santander
9.4 HSBC
9.5 UBS
9.6 BBVA
9.7 Citi
9.8 American Express
9.9 Wells Fargo
9.10 JPMorgan Chase

10. Regional measures
10.1 Pioneer Zone
10.1.1 USA
10.1.1.1 Silicon Valley
10.1.1.2 New York
10.1.2 United Kingdom
10.1.2.1 London
10.2 Emerging areas
10.2.1 Europe
10.2.1.1 Dublin
10.2.1.2 Berlin
10.2.2 Asia
10.2.2.1 Singapore
10.2.2.2 Hong Kong
10.2.3 Middle East
10.2.3.1 Tel Aviv
10.2.4 Australia
10.3 Government initiatives

11. FinTech Case Studies
11.1 SocietyOne
11.2 Tyro Payments
11.3 Re-venture
11.4 Australasian Wealth Investments
11.5 Bill float
11.6 L2C Inc
11.7 PayNearMe
11.8 Cabbage
11.9 Fraud detection and prevention
11.10 CashMetrics: Financial Management Service
11.11 Improve customer support
11.12 Data-driven client acquisition
11.13 Fight against money laundering

12. FinTech Companies and Solutions
12.1 Development with selected players
12.2 Acorns
12.3 Add pair
12.4 Confirm
12.5 Algomy
12.6 Alphasense
12.7 Adyen
12.8 Avant
12.9 Improvement
12.10 Braintree
12.11 C2FO
12.12 Chain.com
12.13 Circleup
12.14 Credit karma
12.15 digit
12.16 Serious
12.17 Equityzen
12.18 Estimate
12.19 Fundbox
12.20 Fundera
12.21 Fundraiser
12.22 Hello wallet
12.23 IEX
12.24 Kensho
12.25 Level money
12.26 Learnvest
12.27 Money.net
12.28 Motive
12.29 Nav
12.30 Personal capital
12.31 Plaid
12.32 Premise data
12.33 Prosper
12.34 Quantum Topic
12.35 R3CEV
12.36 Ripple
12.37 Risk analysis
12.38 Robinhood
12.39 Simple
12.40 SOPHIA
12.41 By transfer
12.42 True accord
12.43 Trueex
12.44 Voting
12.45 WealthFront
12.46 WorldRemit
12.47 XAPO
12.48 Xignite
12.49 Zenefits
12.50 ZestFinance
12.51 China Rapid Finance
12.52 Lufax
12.53 OnDeck
12.54 Dwolla
12.55 Moved
12.56 Ally
12.57 Capital One 360
12.58 Vanguard
12.59 Fidelity
12.60 p.m Charles Schwab
12.61 Allstate
12.62 Oscar
12.63 Metro miles
12.64 Azimo
12.65 Klarna
12.66 Quantity26
12.67 Atomic Bank
12.68 Lending Robot
12.69 Coin base
12.70 Angel list
12.71 Security key
12.72 Kickstarter
12.73 CrowdCube

13. Conclusions and recommendations
13.1 Recommendations for developing a good FinTech ecosystem
13.1.1 Supporting corporate market
13.1.2 Strong regulatory and government support
13.1.3 Adequate access to capital and financing at all stages of the business
13.1.4 Focus on creating economic competence locally
13.2 Recommendations for banks and other financial institutions
13.3 Recommendations for FinTech Companies
13.4 Recommendations for the government
13.5 Recommendations for the investment community

14. Appendix: Historical FinTech investment
14.1 Global FinTech Investment
14.2 Global FinTech Investment by Market Players
14.3 Global FinTech Investment by Category
14.4 Global FinTech Investment by Segment
14.5 Global FinTech Investment by Region
14.6 Global FinTech investment by leading countries
14.7 In-bank FinTech investment
14.8 FinTech agreements (investments and M&A)

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