Global FinTech Services Industry Updates 2021,
Dallas, May 25, 2021 (GLOBE NEWSWIRE) – Fintech is a term that refers to a convergence of technology and financial services that has revolutionized the way businesses work. The fintech market has grown significantly over time, helping companies transition to a customer-centric business model. As a result, it has found a niche in a variety of industries across the globe, ranging from entrepreneurs and software companies to existing businesses. Financial services and technology companies have inspired each other and moved forward with revolutionary and creative proposals in an ever-changing market environment, using a competitive or intimidating method.
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FinTech Services Market Leading players –
Oscar Insurance Company
Consumer adoption of FinTech services has grown at a tremendous rate in recent years. Fintech helps SMEs meet financial requirements such as banking and transfers, financial reporting, investments, and insurance. SMEs (small and medium-sized enterprises) are essential in Asia, accounting for 42% of GDP and half of all jobs. Despite this, SMEs received only 18.7% of overall bank lending in 2017. According to the World Bank report, lending to SMEs is important because Asia’s growing population requires the creation of new businesses. ‘at least 1 ML of new jobs every month.
FinTech Services Market Breakdown by type
Money transfer and payments
Savings and investments
FinTech Services Market Breakdown by application
Many variations of fintech have emerged in recent years that use cutting edge technology customized for particular roles or markets, such as Regtech, Insurtech, etc. Now, the fintech industry has turned out to be more than a hype, the level of execution achieved in an organization’s strategy is becoming more and more important.
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Companies and banks are investing more in technology-based services, which is fueling the expansion of the fintech market. Likewise, APIs and infrastructure-driven technologies are reshaping the future of financial services markets and contributing to the growth of the global financial technology market. Due to new technological advancements, FinTech companies are offering to uplift consumer aspirations, low cost personalized offers, and boost global business growth.
The vast majority of multinational banks, insurers, and fund managers plan to work with FinTech companies, with an estimated 20% ROI on their growing businesses in the years to come. FinTech companies are offering personalized products at low cost through the creative use of technology, which has a huge effect on growing consumer demand as well as increasing pressure on conventional businesses.
The rapidly evolving Asia-Pacific fintech ecosystem is full of opportunities and investors are rushing to seize them. Third-party providers are poised to access previously exclusive bank customer data as a result of Open Banking and other regulatory reforms, which are redefining financial services markets.
FinTech Services Market Contents
1.1 Objective of the study
1.2 Market definition
1.3 Scope of the market
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Main regions covered (North America, Europe, Asia-Pacific, Middle East and Africa)
1.4 years considered for the study (2015-2027)
1.5 Currency considered (US dollar)
2 Main conclusions of the study
3 Market dynamics
3.1 Determining factors for this market
3.2 Factors that challenge the market
3.3 Global FinTech Services Market Opportunities (Regions, Growth / Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the FinTech Services Market
3.5 Industry News by Region
3.6 Regulatory scenario by region / country
3.7 Analysis of strategic recommendations of the investment scenario in the market
4 FinTech Services Market Value Chain
4.1 State of the value chain
4.2 Analysis of upstream raw materials
4.3 Analysis of large intermediary companies (by manufacturing base, by product type)
4.4 Distributors / traders
4.5 Analysis of the main downstream customers (by region)
5 Global FinTech Services Market Segmentation By Type
5.1 Money transfer and payments
5.2 Savings and investments
5.3 Digital loan
6 Global FinTech Services Market Segmentation By Application
6.4 Others â¦â¦ continued
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