New York, Nov. 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “FinTech: Investment, Innovation, Ideology and Technology” –
Revenue forecasts for this period are segmented based on product, distribution mode, service provider and technology and region. The report also focuses on the most important driving trends and challenges affecting the market.
The report explains current trends in the fintech market. The report concludes with detailed profiles of the major global fintech market players.
The report includes:
– 24 data tables and 25 additional tables
– An updated overview of the global markets for financial technology (fintech) with an emphasis on investment, innovation, ideology and technology
– Analyzes of global and regional market trends, with historical market revenue for 2021, estimates for 2022 and projected compound annual growth rates (CAGRs) through 2027
– Coverage of the technological, financial and business assessments of the global fintech market with analysis and market forecasts through 2027
– Estimation of the actual market size and revenue forecast of the global fintech market in million dollar terms, and corresponding market share analysis based on technology, product segment, services, distribution type, end user and region
– Updated information on the recent industry structure and expected future developments in the fintech field, their market impact and implications for the global financial industry
– Insights into the major technology challenges, issues and risks, government regulations, demographic factors and the COVID-19 impact on the global fintech market
– Discussion of the latest market developments, merger and acquisition agreements, partnerships, collaborations and other strategic alliances within the global financial industry
– Descriptive company profiles of the leading global players, including ACI Worldwide, Fiserv, Google, IBM and Visa Inc.
Summary:
The fintech sector includes providers and users of software and services in various sub-sectors, including retail banking, lending, payments, wealth management, insurance, regulatory compliance and data analytics. This diversity makes it difficult to estimate fintech’s overall global value in a way that makes sense, due to the problem of finding an overall common denominator.
For example, it is convenient to value the consumer banking sub-sector in terms of banking income, lending in terms of loan origination, investment advisory in terms of assets under management, insurance in terms of insurance amount written, and so on. All these values can of course be expressed in monetary terms, but they represent fundamentally different concepts.
Financial technology (Fintech) is the integration and application of technologies for the development of services and products in the financial industry, and focuses on automating and improving the use and delivery of financial services. Increasing demand for online financing, growth in the use of innovative technologies in the current business operations of financial institutions and banks, and rapid growth in advanced technologies such as artificial intelligence are fueling the growth of fintech technologies.
The global fintech market is expected to grow significantly due to the increasing investment prospect of fintech companies.
The COVID-19 pandemic has had a major impact on the global fintech market, due to the increase in the adoption of digitized and electronic financial product lines among consumers. Furthermore, Fintech companies strengthen their funding and capital from lenders and investors.
Access to financial services is necessary for economic growth and poverty reduction, especially during the pandemic. Unlocking new growth, achieving customer centricity and meeting or exceeding customer expectations requires innovation to renovate core businesses.
The table below shows the value of each fintech sub-sector, along with the units by which it is measured. No value is given to the total market, because it would not be particularly meaningful in terms of the different units of measurement, nor would it be useful to try to compare the sizes of different sub-sectors.
Read the full report:
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