Introduction:

Financial technology is also known as  fintech or fintech, is technology and innovation that aims to compete with the traditional delivery of financial and banking services with new innovations such as cryptocurrency and crowdfunding. Financial technology, is a term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrencies. Financial technology is used to help companies, business owners and consumers better manage their financial operations, processes and lives using specialized software and algorithms used on computers and increasingly smartphones. Financial technology can help improve access to credit for small and medium-sized enterprises and provide services to remote areas through alternatives to traditional lending methods. The demand for financial technology has risen rapidly in recent years and is expected to grow further throughout the upcoming period. This expansion can be attributed to the growing demand for digital financial services such as online payments, digital wallets, mobile banking and online fund transfers for a fast, secure and seamless customer experience. Financial Technology Market size accounted for US$ 98.7 billion in 2020 and is estimated to be US$ 224.9 billion by 2030 and is anticipated to register a CAGR of 8.6%.

                Increasing cooperation between national regulators and financial institutions

Financial technology helps in providing convenience services and maintaining transparency, in terms of financial inclusion, it has become one of the major driving forces in the market. In addition, many financial institutions are implementing advanced technologies to provide integrated and value-added services to customers, and increasing cooperation between national regulators and financial institutions are key factors driving the growth of the financial technology market. However, privacy and security concerns, large-scale movement of customer data, and varied and conflicting regulations across jurisdictions hamper market growth.

                 Technological advancement

Financial Technology is a new advancement that is gaining popularity worldwide by replacing traditional financial services in various sectors such as payments, electronic commerce, banking, social commerce, wealth management and others. Financial technology is infrastructure-based technology in open platforms and application programming interfaces, which is changing the future of the financial services industry, while operational advances offered by the automation of robotic processes, Chabot’s and distributed accounting technologies offer greater agility, efficiency and accuracy.

Financial Technology Market is segmented based on type, application, and region.

On the basis of type, the Financial Technology Market is segmented into Peer-To-Peer Money Transfers, Lending Services, Online Payments, and Mobile Payments. On the basis of application, the target market is classified into Banks and Financial Consultancy. Financial technology includes various financial services/activities such as money transfer, check depositing via mobile phone, applying for credit cards without visiting a bank, raising funds for businesses/start-ups, managing one's own investments without the help of a person. Banks use financial technology for backend processes: to monitor account activity behind the scenes and, and customer-facing solutions: such as mobile apps that are used to check balances.

Regional Insights:

On region the Financial Technology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America was the leading revenue contributor to the global business in 2019 and is expected to maintain its dominance in the coming year also attributed to the growing adoption and development of key technologies in the financial technology sector in the region.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Type - Peer-To-Peer Money Transfers, Lending Services, Online Payments, and Mobile Payments By Application - Banks and Financial Consultancy
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Financial Technology Market report based on type, application, and region:

Financial Technology Market, By Type:

• Peer-To-Peer Money Transfers
• Lending Services
• Online Payments
• Mobile Payments

Financial Technology Market, By Application:

• Banks
• Financial Consultancy

Financial Technology Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the Financial Technology Market includes Social Finance Ltd., Stripe Inc., YapStone Inc., PayPal Inc., Adyen Ltd., Lending Club Ltd., Addepar Inc., Commonbond Inc., Robinhood Inc., Wealthfront Ltd. For instance, In September 2022, Ethis Group soars to new heights with its second GIFA Best Islamic Crowdfunding Platform Award. Ethical and Islamic investment and social finance platform operator, Ethis Group recently bagged the second Best Islamic Crowdfunding Platform award at the 12th Global Islamic Finance Awards (GIFA). Ethis Group's latest achievement takes the pioneer to new heights of excellence, particularly in global Islamic crowdfunding and more broadly, Islamic fintech.

In September 2022, UBS and Wealthfront terminate merger, earlier in the year, UBS announced a merger with Wealthfront in an all-cash deal worth $1.4bn. The move was intended to help UBS accelerate its growth ambitions in the US, reach out to wealthier investors and expand distribution and capabilities.

• Social Finance Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Stripe Inc.
• YapStone Inc.
• PayPal Inc.
• Adyen Ltd.
• Lending Club Ltd.
• Addepar Inc.
• Commonbond Inc.
• Robinhood Inc.
• Wealthfront Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for Financial Technology Strategies
     • Key Questions this Study will Answer

     • Global financial technology market by type:

       • Peer-To-Peer Money Transfers
       • Lending Services
       • Online Payments
       • Mobile Payments

       Global financial technology market by application:

       • Banks
       • Financial Consultancy

       Global financial technology market by region:

       • North America
       • Europe
       • Asia Pacific
       • Latin America
       • Middle East & Africa
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Financial Technology Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• • Social Finance Ltd.
  • Stripe Inc.
  • YapStone Inc.
  • PayPal Inc.
  • Adyen Ltd.
  • Lending Club Ltd.
  • Addepar Inc.
  • Commonbond Inc.
  • Robinhood Inc.
  • Wealthfront Ltd.

1. The Last Word
   • Future Impact
   • About Us
   • Contact