Worldwide FinTech Industry to 2026 - Featuring Affirm, Betterment and C2FO Among Others
DUBLIN, Sept. 21, 2021 /PRNewswire/ -- The "Global FinTech Marketplace: Technologies, Applications, and Services 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
This report provides a comparative analysis between legacy financial systems and emerging FinTech solutions including disruption, potential benefits, and challenges. The report evaluates the evolving FinTech market ecosystem including start-ups, banks, investment companies, insurance companies, and non-financial organizations. The report analyzes the global impact of FinTech and the outlook for specific regions. The report provides forecasts for the period 2021 to 2026.
Select Report Findings:
- The global FinTech market will reach $190 billion by 2026, growing at 13.7% CAGR
- The software segment the largest segment with 45% of the total global market share
- The digital payments segment the largest solution with 92% of the total global market
- USA, UK, China, Germany, and India are the largest countries in the global FinTech market
- The Americas is the largest region with a 73% of the total global FinTech investment market
Financial Technology (FinTech) represents a combination of financial services with Information Technology (IT) that is disruptive to the incumbent financial system as it transforms financial services including enhancements to existing areas as well as entirely alternative solutions. For example, the legacy financial system is under serious threat from emerging technologies, such as Blockchain, to eliminate the need for intermediary trust agents for payment clearing and settlements.
FinTech enabled services include peer-to-peer money transfers, lending services, online payments, and mobile payments. Financial organizations can develop solutions in-house, partner with FinTech solution providers, or acquire them. Apart from operational issues and/or user experiences, CAPEX and OPEX factors greatly impact these decisions.
There is a high degree of interest in FinTech from the investment community as well as major corporations such as Google, Intel, Salesforce, and many more. The banking industry is also starting to embrace FinTech solutions to establish distribution channels and to fend off competition from third parties. In 2020, the total investment was more than $105 billion.
Key Topics Covered:
1.0 Executive Summary
2.0 FinTech Market Overview 2.1 Financial Technology 2.2 The Impetus for FinTech 2.3 FinTech Landscape 2.4 FinTech Company Types 2.4.1 Money Transfer 2.4.2 Equity Funding 2.4.3 P2P Lending 2.4.4 Mobile Payments 2.4.5 Trading Platforms 2.4.6 Other Services 2.5 FinTech Categories 2.5.1 Digital Payments 2.5.2 Business Finance 2.5.3 Consumer Finance
3.0 FinTech and Big Data 3.1 Current State of Big Data in FinTech 3.2 FinTech Big Data Initiatives 3.2.1 FinTech CRM and Real-time Response 3.2.2 FinTech and Predictive Analysis of Customer Behavior 3.2.3 FinTech and Mass Customization 3.2.4 FinTech and Fraud Prevention 3.3 FinTech Big Daa Market Opportunity: Streaming Data in Finance
4.0 FinTech Ecosystem 4.1 Hardware and Infrastructure 4.2 Financial Institutions 4.3 Government 4.4 Entrepreneurs 4.5 Application Providers 4.6 Consulting and Service Providers 4.7 Security Solutions Providers 4.8 Cloud and Big Data Analytics Providers 4.9 Investment Groups 4.10 Social Network 4.11 B2B2C Distribution Channel 4.12 Cash-in/out Mechanisms 4.13 Business Models 4.14 Collaborative Innovation 4.15 Crowdfunding Platforms 4.16 Competitive Landscape: Banks vs. OTT Players
5.0 FinTech Market Drivers 5.1 Digitization in Traditional Banking Sector 5.2 Algo Banking 5.3 Rise of Mobile Banking 5.4 Rise of the FinTech Start-Up Ecosystem 5.5 Rise of Data-Driven Banking 5.6 Rise of the Crowdfunding Economy 5.7 Rise of Web-Based Financial Services 5.8 Growing Adoption of Non-Bank Option to Manage Money 5.9 Use of Machine Learning and Big Data to Control Payment Fraud 5.10 Increasing Patterns of M&A Transactions 5.11 Changing Patterns of Consumer Behavior 5.12 Blockchain Technology 5.13 Rise of E-commerce 5.14 Rise of mPoS Payments
6.0 FinTech Market Challenges
7.0 FinTech Market Outlook and Forecasts 2021 - 2026 7.1 FinTech Investment Outlook 2021 - 2026 7.1.1 Global Bank IT Investment 7.1.2 Global FinTech Investments 7.1.3 Global FinTech Investment in Software, Hardware, Security and Consulting 7.1.4 Global FinTech Investment: Retail vs. Business Finance 7.1.5 Global FinTech Market by Region 7.1.6 Global Banking Internal FinTech Investment 7.1.7 Global FinTech Deals 2020 - 2028 7.1.8 Global FinTech Funding by Investor Type 7.2 FinTech Users 2021 - 2026 7.2.1 Global FinTech Users 7.2.2 Global FinTech Users by Usage Category 7.2.3 Global FinTech Users by Income Bracket 7.2.4 Global FinTech Users by Age Group 7.2.5 FinTech Users by Geographic Region 7.2.6 FinTech Adoption of Digitally Active Users 7.2.7 Reason for FinTech Popularity 7.2.8 FinTech Usage Growth Obstacles 7.3 FinTech Market Dynamics 7.3.1 Impact of FinTech on Bank and Value Chain Partners 7.3.2 Bank Readiness to Address Digital Challenges 7.3.3 Bank Strength to Combat Digital Challenges including FinTech 7.3.4 Global Bank Revenue Risk from Digital Disruption including FinTech 7.3.5 FinTech Start-up Exits
8.0 Digital Industry and Payment Initiatives 8.1 Google 8.2 Facebook 8.3 Apple 8.4 PayPal 8.5 Square 8.6 Bitcoin 8.7 SocietyOne 8.8 Amazon Payments 8.9 Stripe 8.10 Samsung Pay 8.11 Alibaba 8.12 Western Union 8.13 Amex, MasterCard and Visa 8.14 Lending Club 8.15 Financial Innovation Now 8.16 Stellar
9.0 Bank Initiative Analysis 9.1 Goldman Sachs 9.2 Barclays 9.3 Santander 9.4 HSBC 9.5 UBS 9.6 BBVA 9.7 Citi 9.8 American Express 9.9 Wells Fargo 9.10 JPMorgan Chase
10.0 Regional Initiatives 10.1 Pioneer Zone 10.1.1 USA 10.1.1.1 Silicon Valley 10.1.1.2 New York 10.1.2 UK 10.1.2.1 London 10.2 Emerging Areas 10.2.1 Europe 10.2.1.1 Dublin 10.2.1.2 Berlin 10.2.2 Asia 10.2.2.1 Singapore 10.2.2.2 Hong Kong 10.2.3 Middle East 10.2.3.1 Tel Aviv 10.2.4 Australia 10.3 Government Initiatives
11.0 FinTech Case Studies 11.1 SocietyOne 11.2 Tyro Payments 11.3 Reinventure 11.4 Australasian Wealth Investments 11.5 Billfloat 11.6 L2C Inc 11.7 PayNearMe 11.8 Kabbage 11.9 Fraud Detection and Prevention 11.10 CashMetrics: Finance Management Service 11.11 Enhancing Customer Support 11.12 Data-Driven Client Acquisition 11.13 Fighting Against Money Laundering
12.0 FinTech Companies and Solutions 12.1 Developments with Select Players 12.2 Acorns 12.3 Addepar 12.4 Affirm 12.5 Algomi 12.6 Alphasense 12.7 Adyen 12.8 Avant 12.9 Betterment 12.10 Braintree 12.11 C2FO 12.12 Chain.com 12.13 Circleup 12.14 Credit Karma 12.15 Digit 12.16 Earnest 12.17 Equityzen 12.18 Estimize 12.19 Fundbox 12.20 Fundera 12.21 Fundrise 12.22 Hello Wallet 12.23 IEX 12.24 Kensho 12.25 Level Money 12.26 Learnvest 12.27 Money.net 12.28 Motif 12.29 Nav 12.30 Personal Capital 12.31 Plaid 12.32 Premise Data 12.33 Prosper 12.34 Quantopian 12.35 R3CEV 12.36 Ripple 12.37 Riskalyze 12.38 Robinhood 12.39 Simple 12.40 SOFI 12.41 Transferwise 12.42 Trueaccord 12.43 Trueex 12.44 Vouch 12.45 WealthFront 12.46 WorldRemit 12.47 XAPO 12.48 Xignite 12.49 Zenefits 12.50 ZestFinance 12.51 China Rapid Finance 12.52 Lufax 12.53 OnDeck 12.54 Dwolla 12.55 Moven 12.56 Ally 12.57 Capital One 360 12.58 Vanguard 12.59 Fidelity 12.60 Charles Schwab 12.61 Allstate 12.62 Oscar 12.63 Metromile 12.64 Azimo 12.65 Klarna 12.66 Number26 12.67 Atom Bank 12.68 LendingRobot 12.69 Coinbase 12.70 Angellist 12.71 Securekey 12.72 Kickstarter 12.73 CrowdCube
13.0 Conclusions and Recommendations 13.1 Recommendations to Develop Sound FinTech Ecosystem 13.1.1 Supportive Business Market 13.1.2 Strong Regulatory and Government Support 13.1.3 Adequate Access to Capital and Funding at Every Stage of Business 13.1.4 Focus on Creating Financial Expertise Locally 13.2 Recommendations for Banks and Other Financial Institutions 13.3 Recommendations for FinTech Companies 13.4 Recommendations for Government 13.5 Recommendations for Investment Community
14.0 Appendix: Historical FinTech Investment
For more information about this report visit https://www.researchandmarkets.com/r/o2ekkt
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SOURCE Research and Markets
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