Summary of Latest Developments in the FinTech Market

Fintech is a software utilized by the big, medium and small financial companies for payments in bank, retail and institutions, insurance providers, and others. The non-banking corporation’s usage is to maintain account processing, customer profiles, account information, eligibility evaluation, and other financial activities associated with marketing, branding, and promotions.

North America Dominates Major Share in FinTech Market

North America is the leading holder of shares in FinTech market. Among all the regions, US is the region behind the major adoption of technology in the growth of the market. Silicon Valley in New York and London are the leading world in FinTech Locations for the year of 2017. An overview states that having clear idea and knowledge on the technology is the reason behind the adoption of the Fintech in the companies of North America. Further, Asia-Pacific is expected to show rapid growth in Fintech blockchain market during the forecast period. The growing technological advancement in blockchain solutions has increased the adoption across banking, and in-banking financial services across APAC.

Selected Solution Analysis Done in the Full Report:

The market is segmented into technology, transaction type and sector. The report analysis on sector segment states that, utilization of technology in business processes is helping to enhance its performance. In FinTech sector transaction type segment discuss about the payments, financial institution and insurance. Insurance occupied the largest market share in 2017. The use of FinTech technology across the financial services industry is growing. Emergence of services such as PayTech, RegTech, InsurTech, and digital banking highlight the ways in which digitalization has impacted the FinTech industry. These consumer demand in improved access and anytime anywhere services is achieving greater transparency and will lead the market in the period of 2018-2023.

Selected Driving Factors Mentioned in the Full Report:

• High compatibility with financial services ecosystems and rising crypto currencies market will cap faster transactions and expected to boost the growth in FinTech market.
• Demand in distributed ledger technology, has reduced the total cost of ownership, transparency and immutability, and faster transactions would fuel the market growth.
• Increase experience of data models and analytics to better identity and quality risk is seen as the most important trend in the financial industry and one of which the market is expected more likely to respond in the few years. For this reason the insurers are embracing innovation with a focus on data analytics and 84% are planning to invest in the forecast of 2018-2023.

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Key Players of the FinTech Market:

Accenture, IBM, Microsoft, Oracle, Red Hat and SAP are the major players in the FinTech Market. Accenture is known for its platform likes Blocko, CoverGo, FutureFlow, Sherlock Garden and others are utilised under blockchain infrastructure, insurance, and financial crimes. IBM has done changes and continuing its changes in the business of finance security industry. It’s technologies like artificial and machine learning is used to give security firms new insights from risk management to compliance. Another technology in discussion is blockchain projects moving at a rapid pace and expected to impact on the industry. Oracle also serves in the banking, wealth and asset management firms are in revolution as emerging technologies. Application programming interface, Blockchain, artificial intelligence in FinTech has opened new platform for in digital transformation. Going forward many innovative solutions can be expected as different stakeholders in the industry collaborate to enhance industry performance. Hence, the fintech innovation on digital platform for open banking will help Fintech to accelerate innovation and minimize time to monetization.

The FinTech Market is Segmented as Indicated Below:

The growing scale of development in financial and insurance industry will drive the demand for FinTech Market.

A.Fintech Market – By Technology

1. Application programming interface (API)
2. Artificial intelligence (AI)
3. Block chain

B.Fintech Market – By Type Of Transaction

1. Digital Transaction
2. Business Finance
3. Personal Finance

C. Fintech Market – By Sector

1. Lenders
2. Payments
3. Wealth Management
4. Financial Institutions
5. Insurance
6. Others (Security, Research & Data, Smart Contracts)

D.FinTech Market By Geography (16+ countries)

A.FinTech Market Entropy

B.Company Profiles

1. Earthport
2. Bitfury
3. BTL Group
4. AlphaPoint
5. BitPay
6. Cambridge Blockchain
7. Company 7
8. Company 8
9. Company 9
10. Company 10

More than 10 companies are profiled in this report

G. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.

What can you expect from the report?

The FinTech Market Report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Category
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

FAQs:

Does IndustryARC publish country, geography, or application–based reports in FinTech Market?

Yes, we do have separate reports and database as mentioned below:

1. Americas FinTech Market (2018–2023)
2. Europe FinTech Market (2018–2023)
3. Asia-Pacific FinTech Market (2018–2023)
4. FinTech Market By Technology (2018–2023)
5. FinTech Market By Type of Transaction (2018–2023)
6. FinTech Market By Sector (2018–2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customizations:

1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies that are of interest to you
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, and value and supply chain analysis can be requested for a country or end use segment.

Any other major customizations can be discussed with our team. We can also provide you with a separate quote based on your requirements. You can drop an e-mail to sales@industryarc.com to learn more about our consulting services.

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About IndustryArc: IndustryArc is a Research and Consulting Firm that publishes more than 500 reports annually in various industries