This report looks at the global fintech industry. Fintech as an industry involves the use of technology to compete with traditional financial institutions in the delivery of financial services. Fintech is an emerging industry whose applications are employed in a range of traditional industries. The report talks about the overall market size, expected growth rates as well current trends driving the growth in the industry. Companies can also be categorized as core and non-core, the former being those that exclusively engage in fintech and those for which fintech is just one part of their overall product or service offering. The scope of this report extends to core fintech companies, however, to provide a broad view of the industry and the companies operating therein only, it examines companies that fall into all the above categories.
Global Fintech Industry Market Size, Growth & Trends
$495.00
- Publish Date: June 2024
- Number of Report Pages: 23
- Format: PDF, Horizon Databook
Report Summary
Fintech is a rapidly accelerating trend in the financial services industry. In simple terms, Fintech is defined as computer programs, software and other technology that supports, facilitates or delivers both banking and financial services. Also referred to as financial technology, Fintech merges technology and financial services and is being adopted not only by start-ups but also large established institutions companies for the creation, management and the delivery of financial services.
Fintech is being applied to most segments of financial services, from insurance brokering to accounting to banking and payments. The mobilization of technology helps maximizes market opportunities, providing better customer experiences and creating new revenue streams.
Services like cloud storage and database analytics have changed consumer expectations and behavioral patterns and, with consumers now more comfortable in managing their money and business online, big banks, finance and accounting firms, as well as e-commerce firms are now employing Fintech across their organizations. The trend is heightening the need to make services simpler, easier, faster and safer.
Many countries are now exploring possibilities of digital-only banking firms. Hong Kong Monetary Authority has granted eight online-only banking licenses so far. Tencent, Alibaba and Xiaomi are among the firms that have received the license. Singapore is also considering introducing virtual-banking licenses.
Table of Contents
1. Industry Overview
          1.1. Introduction & Scope
          1.2. Market Scope
            1.2.1. Start-ups: Seizing the Opportunities
            1.2.2. Insurtech Evolving at a Rapid Rate
            1.2.3.The Rise of Neobanks
           1.3. Market Drivers
            1.3.1. Dynamic Consumer Behavior and Preferences
            1.3.2. Uptake of Digital and Mobile Devices
            1.3.3. Other Technological Developments
            1.3.4. Banks Embrace the Digital Customer Experience
            1.3.5. Tapping the Potential of Blockchain
          1.4. Applications
            1.4.1. Payments
            1.4.2. Digital Mortgages
            1.4.3. Robo-advisors
            1.4.4. Equity Crowd Funding
          1.5. Challenges & Opportunities
2. Leading Companies
3. Key ReferencesÂ
Methodology
To create our reports, research analysts draw on a range of primary and secondary data and information sources to form the basis of analysis. Primary sources include data provided by government, international organizations, industry associations, companies operating in the industry and reported fundamental data. Secondary sources include credible industry publications and private research organizations.
