According to the new market research report by IndustryARC titled “FinTech Market: By Technology (Application Program Interface, Artificial intelligence and Block chain); By Type of transaction (Digital transaction, business finance and personal finance); By Sector (Lenders, payments, wealth management, financial institutions, insurance and others) & By Geography - Forecast(2018 - 2023),” the market will be driven by opportunity to expand products and services in financial institutions with strong focus on data analytics and mobile technology.
North America Dominates Major Share in FinTech Market:
North America is the leading holder of shares in FinTech market analysis. 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.
To access the full report, click the link below:
https://industryarc.com/Report/18381/fintech-market.html
Selected Solution Analysis Done in the FinTech Market 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 Intersection transaction type segment discuss about the payments, financial institution and insurance. Insurance occupied the largest market share in 2017.
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.
Key Players of the FinTech Market:
Accenture, IBM, Microsoft, Oracle, Red Hat and SAP are the major players in the FinTechMarket. 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.
The FinTech Marketis Segmented as Indicated Below:
Fintech Market – By Technology
Fintech Market – By Type Of Transaction
Fintech Market – By Sector
D. FinTech Market By Geography (16+ countries)
Related Reports:
A. Mobile Payments Market
https://industryarc.com/Report/42/Mobile-Payments-Market.html
B. Bitcoin Payment Ecosystem Market
https://industryarc.com/Report/46/global-bitcoin-payments-ecosystem-market-analysis.html
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
And more
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 [email protected] to learn more about our consulting services.
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Mr. Venkat Reddy
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, and Life Sciences & Healthcare.
IndustryARC primarily focuses on cutting-edge technologies and newer applications in a market. Our custom research services are designed to provide insights on the constant flux in the global supply–demand gap of markets. Our strong team of analysts enables us to meet the client’s research needs at a rapid speed and with a variety of options.
We look forward to helping the client address its customer needs effectively, stay ahead in the market, become the top competitor, and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
The right financial software development services company to deliver cutting-edge financial software development.
Checkout Fintech Trends 2021The COVID-19 pandemic presented the FinTech industry with a unique opportunity by fast-tracking from traditional banking to widespread digitalization of financial services.
FinTech innovation is experiencing acceleration to enable financial services companies and their customers to mitigate risks and seamlessly manage their finances.
Let’s look at some of the hottest financial software development trends for 2021, including biometric security, phygital banking, and open banking.
India has one of the best markets for fintech innovation.
The best way to find out which fintech companies in India are best is to judge them on the basis of funds raised by them, and EDUVANZ is one amongst the Top fintech companies in India.
Fintech startup known for popularizing trading and investment among the newer generation, Robinhood, in its latest funding round has secured another $320 million.
The fintech news arena states that this round was backed by new as well as existing investors and now the valuation of this investment firm has gone up to $8.6 billion.The latest funding round witnessed participation of investors such as TSG Consumer Partners and IVP.
The total fund raised by the digital brokerage firm went up to $600 million in a span of two months.The firm has benefitted from an increase in day trading which was a result of consumers that were stuck within their homes during the lockdown impositions due to the Novel Coronavirus pandemic, which has been analyzed by analysts that have been tracking the firm and have linked this surge and funding round to a precursor to an IPO (initial public offering).Some of the analysts and traders are attributing rallies of between 300% and 500% in stocks of either soon to be bankrupt firms or bankrupt firms such as Chesapeake, JCPenney, Whiting, and Hertz to retail investors that use the investment platform of Robinhood, that has over 10 million users.In the previous month, the company stated that it might make it tougher to qualify to perform sophisticated options trading on its investment solution platform and will also make improvements to its user interface.The Menlo Park, California-based fintech has witnessed outages particularly on days that experience high trading volumes.To know more about such fintech news and updates, follow the fintechbuzz.
Fintecbuzz delivers regular content in several forms, related to daily happenings in the fintech industry.
Advancing technology has started influencing the BFSI sector, and we witness innovative app solutions in financial services.
These solutions fall under the fintech category and contribute to improving services.
Mobile wallets, banking apps, and cryptocurrency-related apps are some of the most popular examples of fintech apps.
In this blog, we are going to understand the role and benefits of cross-platform app development for a fintech firm
