Market Overview The Global fintech market’s transactional value’s CAGR is 8.6% over the forecast period of 2019-2024.
A large majority of global banks, insurers, and investment managers are planning to partner with financial technology companies over the next 3-5 years, and expect a 20% average return on investment on their innovation projects. Infrastructure-based technology, through platformification and open application programming interfaces (APIs), is reshaping the future of the financial services industry, while the operational advancements offered by robotic process automation (RPA), chatbots, and Distributed Ledger Technology (DLT) are enabling greater agility, efficiency, and accuracy. Through innovative use of technologies, financial technology companies are delivering low-cost personalized products, which has a significant impact on the rising customer expectations, along with mounting pressure on traditional firms.
Scope of the Report An understanding of the present status of the global fintech market, along with detailed market segmentation Current market trends, changes in market dynamics, and growth opportunities In-depth analysis of the market size and forecast for the various segments
Key Market Trends Booming Digital Payments sector
Total transaction value in the digital payments segment amounted to USD 3,403,168 million in 2018. Total transaction value is expected to register an annual growth rate (CAGR 2019-2024) of 13.2% by 2024. The market’s largest segment is digital commerce, which amounted to a total transaction value of USD 2,875,5.7 million in 2018. Growing Personal Finance sector
The market’s largest segment is Robo-Advisors segment From a global comparison perspective, it is shown that the highest cumulated transaction value was achieved in the United States
Competitive Landscape The report includes an overview of the major international players operating in the market studied. Currently, some of the major players dominating the market studied, in terms of market share, include
Avant (United States)
Atom Bank (United Kingdom)
Oscar (United States)
Wealthfront (United States)
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358 pages •
By The Business Research Company
• Jul 2020
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