2022 DEC 07 (NewsRx) — By a News Reporter-Staff News Editor at CDC and FDA daily — The “FinTech: Investment, Innovation, Ideology and Technology” report has been added to ResearchAndMarkets.com’s offering. 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 consumer adoption of digitized and online financial product lines. 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. Report includes an up-to-date overview of the global financial technology (fintech) markets 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, demographics 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. Key topics covered: Chapter 1 Introduction Chapter 2 Summary and Highlights chapter 3 Market and Technology background Chap 4 Global Fintech Market by Product chapter 5 Global Fintech Market by Distribution mode chapter 6 Global Fintech Market by Service provider chapter 7 Global Fintech Market by Technology chapter 8 Market distribution by Regional chapter 9 Analysis of Competition landscape chapter 10 Company Profiles Companies Mentioned ACI Worldwide Inc.
Ant Financial Services Co. Ltd.
Dentacoin BV
Digital Asset Holding LLC
Financial Blockchain Shenzhen Consortium (Fisco)
Finastra
Fiserv Inc.
Google Inc.
IBM Corp.
MasterCard
Paypal Holdings Inc.
Temenos AG
Visa Inc.
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