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Fintech Market is estimated to reach more than $650 Bn by 2024 with CAGR of more than 25%

The latest report pertaining to Fintech Market provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.

FinTech Market Size to Grow at Humongous Growth of 25% CAGR to 2025

The global Fintech market is led by the transactions of consumers and includes the payments for the services and products that are made over internet as well as the point of sale mobile payments through the smartphone applications. The total value of the transaction is expected to register a growth rate annually in the period which is being taken in the forecast.

Fintech Market Top Key Players:

ZhongAn

Avant

Atom Bank

Oscar Health

Wealthfront

Kreditech

Ant Financial

Affirm

Credit Karma

Adyen

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The technology that is based on infrastructure through the creation of platforms and the APIs has been reshaping the future of the industry of financial services while the advancements in operations by the RPA, Distributed Ledger Technology and chatbots have been enabling greater levels of efficiency, agility as well as accuracy. A great majority for the banks, investment managers and the global banks have been planning to partner the companies of fintech in the next 3-5 years and the expectation of a 20% average ROI on their projects of innovation. All these factors are expected to boost the growth of global Fintech market.

The major technologies which are involved in the sector of the fintech market are the blockchain, cryptography, identity management, artificial intelligence, cyber-security and the robotic process automation or RPA. A significant amount of growth is going the be witnessed in the area of the blockchain and artificial intelligence and attract the major amount of investments in the period which is being forecast. The AI interface and the chatbots primarily have managed to redefine the customer service; the growing popularity is also going to enable the fintech market which is AI oriented in order to expand in the said period followed by the fintech market which is blockchain based.

The high levels of usage when it comes to the mobile devices and the solutions which are technology based are pushing the demand for the banking and financial solutions that can be accessed through the personal devices. Firms and banks have been heavily investing in the solutions which are based on technology and competing with the fintech companies that are contemporary.

North America has been the leading contributor for the global market of fintech. However, the pace of growth when it comes to the Asia Pacific region has been anticipated at being the highest in the period of forecast. The growth may be attributed to the number of increasing start-ups catering to the most of the financial areas like wealth, insurance and management. Japan, South Korea, India and Australia are the major countries which contribute to this. Latin America is the region which is emerging slowly among the prominent regions when it comes to the development of fintech primarily driven by Brazil and Mexico.

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Fintech Market Segmentations and Applications:

By Technology:

API

AI

Blockchain

Distributed Computing

By Service:

Payment

Fund Transfer

Personal Finance

Loans

Insurance

Wealth Management

By Application:

Banking

Insurance

Securities

Others

By Deployment Mode:

Cloud

On-premises

Opportunities which are abound across the Asia-Pacific are the fast evolving landscape fintech and the investment is rushing for tapping into them. The open banking and the other regulatory initiatives are redefining the markets of Fintech. India and China are experiencing the access to the customer data of the formerly proprietary bank.

Through the use of technologies in an innovative way, the fintech companies have been delivering personalized products which are less costly and has an impact significantly on the rising expectations of the customers as well as the mounting pressure on the firms which are operating traditionally.

The services which are provided in the global Fintech market are payment/billing, regtech, money remittance, mortgage and the insurtech among other. In these segments, the payments and billing segment is going to be driving major growths in the Fintech market globally leading to the generation of a lot of revenue. The growth may be attributed to the cards which are contactless and the emergence of fintech which is retail-focused and the companies which are looking at expanding the use of the functionality by taking this to every commerce company.

Table of Content

Chapter 1 Global Fintech Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Fintech Market Revenue Overview
1.3 Global Fintech Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025

Chapter 2 Global Fintech Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Fintech Market: SWOT Analysis

Chapter 3 Competitive Analysis
3.1 Global Fintech Market
3.1.1 Global Fintech market Revenue (USD Billion), By Players 2018
3.1.2 Global Fintech Market Revenue Share (%), By Players 2018

Chapter 5 Global Fintech Market: By Product Type
5.1 Global Fintech Market Share (%), By Product Type, 2018
5.2 Global Fintech Market Revenue (USD Billion), By Product Type, 2015 – 2025
5.3 Global Fintech Market Revenue (USD Billion), By Retro,2015-2025

Continued…………..

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