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 2022 to 2027.
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.
Select Report Findings
The global FinTech market will reach $225.1 billion by 2027, growing at a 12.9% CAGR
The software segment is the largest segment with 47% of the total global market share
The digital payments segment is the largest solution with 94% 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 76% of the total global FinTech investment market
Key Topics Covered:
1. Executive Summary
2. 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. 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 Data Market Opportunity: Streaming Data in Finance
4. 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. 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. FinTech Market Challenges
7. FinTech Market Outlook and Forecasts 2022 - 2027 7.1 FinTech Investment Outlook 2022 - 2027 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 2022 - 2027 7.1.8 Global FinTech Funding by Investor Type 7.2 FinTech Users 2022 - 2027 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. 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. 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. 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. 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
13. 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. Appendix: Historical FinTech Investment 14.1 Global FinTech Investment 14.2 Global FinTech Investment by Market Players 14.3 Global FinTech Investment by Category 14.4 Global FinTech Investment by Segment 14.5 Global FinTech Investment by Region 14.6 Global FinTech Investment by Leading Countries 14.7 Banking Internal FinTech Investment 14.8 FinTech Deals (Investments and M&A)
