DUBLIN, Nov. 17, 2022 (GLOBE NEWSWIRE) — 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 rationally estimate the overall global value of fintech, due to the problem of finding a common denominator across the board.
For example, it is convenient to value the consumer banking sub-sector on the basis of bank revenue, lending on the basis of loan origination, investment advice on the basis of assets under management, insurance on the basis of the amount of insurance underwritten, etc. All these values can of course be expressed in terms of money, 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. Growing demand for online financing, growth in the use of advanced technologies in the current business operations of financial institutions and banks, and rapid growth of advanced technology 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 potential 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 digital and online financial product lines. Also, fintech companies secure their funding and capital from lenders and investors. Access to financial services is essential for economic growth and poverty reduction, especially during a pandemic. In order to unlock new growth, achieve customer centricity, and meet or exceed customer expectations, core businesses need innovation to innovate.
The following table indicates the value of each fintech sub-category along with the units of measurement. No value is given to the market as a whole because it is not particularly meaningful in terms of different units of measurement, nor is it helpful to try to compare the sizes of different sub-segments.
The report includes
- An up-to-date overview of the global financial technology (FinTech) market with an emphasis on investment, innovation, ideology and technology
- Analysis of Global and Regional Market Trends, Historical Market Revenue to 2021, Estimates to 2022, Forecasts of Compound Annual Growth Rates (CAGR) to 2027
- Coverage of technical, financial and business considerations of the global fintech market with analysis and market forecasts up to 2027
- Actual market size and revenue forecast of the global fintech market in USD million, market share analysis by technology, product category, services, deployment type, end user, and region
- Updated information on recent industry structure and future developments in the FinTech sector, their market impact and implications for the global financial services industry
- Insights into key technological challenges, issues, risks, government regulations, demographic factors and the impact of COVID-19 on the global fintech market
- Discussion of the latest market developments, merger and acquisition transactions, partnerships, collaborations and other strategic alliances in the global financial services industry
Key topics covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Global FinTech Market by Product
Chapter 5 Global FinTech Market by Deployment Mode
Chapter 6 Global FinTech Market by Service Provider
Chapter 7 Global FinTech Market by Technology
Chapter 8 Market Breakdown by Region
Chapter 9 Analysis of the Competitive Landscape
Chapter 10 Company Profiles
Companies mentioned
- ACI Worldwide Inc.
- Ant Financial Services Company Limited
- Dentacoin B.V
- Digital Asset Holding LLC
- Financial Blockchain Shenzhen Consortium (FISCO)
- Finastra
- Fiserv Inc.
- Google Inc.
- IBM Corporation
- MasterCard
- Paypal Holdings Inc.
- Temenos AG
- Visa Inc.
For more information on this report visit https://www.researchandmarkets.com/r/3nwfl9
