(Companies: Ant Financial, Kabbage, Avant Inc., Sofi Inc. and Square)
The global fintech market was valued at about $127.66 billion in 2018. The fintech market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
Companies in this market produce applications, processes and products, which are used in the financial services industry, and these solutions are provided as an end-to-end process over the Internet. It is used by financial institutions on the back end to automate insurance, trading, banking services, and risk management.
Companies in the global fintech market are increasingly using block chain technology for better security and operational efficiency. Block chain is a technology which involves the implementation of a distributed database that is accessible to all the users over a network, where each user can add a new data record (block), with a timestamp that cannot be altered. The block chain technology maintains the authentication of data by restricting changes in the older data blocks while allowing the users to continue adding new data blocks thus, providing high security and transparency to companies operating in the Fintech market. It enhances trade accuracy, speeds up the settlement process, and reduces risks.
Major players in the market are Ant Financial, Kabbage, Avant Inc., Sofi Inc. and Square. Kabbage, Inc. is an online financial technology company based in Atlanta, Georgia. The company provides funding directly to small businesses and consumers through an automated lending platform.
The global fintech market is expected to grow to $309.98 billion at a rate of about 24.8% through 2022. Growth in digital payments sector is driving the market for global Financial Technology (Fintech). Fintech has made payments for goods and services faster, easier, more convenient, and cost-efficient for customers. Customers can now pay for various goods and services via cryptocurrency, loyalty points, and other digital cash alternatives. The growth in digital commerce market and proliferation of mobile technology has contributed to the rise of digital payments sector.
Concerns regarding security of consumer data is restraining the growth of the Financial Technology (FinTech) market.
Request A Sample Of The Global FinTech Market Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2519&type=smp
Few Points From Table of Contents:
2. Global FinTech Market Characteristics
3. Global FinTech Market Size And Growth
4. Global FinTech Market Segmentation
5. Global FinTech Market Regional And Country Analysis
6. Asia-Pacific Global FinTech Market
7. China Global FinTech Market
8. India Global FinTech Market
9. Japan Global FinTech Market
10. Australia Global FinTech Market
11. Indonesia Global FinTech Market
12. South Korea Global FinTech Market
13. Western Europe Global FinTech Market
14. UK Global FinTech Market
15. Germany Global FinTech Market
16. France Global FinTech Market
17. Eastern Europe Global FinTech Market
18. Russia Global FinTech Market
19. North America Global FinTech Market
20. USA Global FinTech Market
21. South America Global FinTech Market
22. Brazil Global FinTech Market
23. Middle East Global FinTech Market
24. Africa Global FinTech Market
25. Global FinTech Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global FinTech Market
27. Global FinTech Market Trends And Strategies
28. Global FinTech Market Future Outlook and Potential Analysis
Order a copy of complete report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2519
About The Business Research Company
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Company Name: The Business Research Company
Contact Person: Nitin
Email: Send Email
Address:1st Floor, Anshu Colors Building, Road Number 1 Park View Enclave, Jubilee Hills
City: Hyderabad 500033