Fintech Market Report 2023-2028

1. Fintech Market Report 2023 By Deployment Mode, Technology, Application, and End User, Key Regions and Competitive Landscape. www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. industrial, and high technology IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Fintech Market Outlook 2023-2028: The global fintech market size reached US$ 158.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 449.1 Billion by 2028, exhibiting a growth rate (CAGR) of 17.7% during 2023-2028. Fintech refers to financial technology that includes application programming interfaces, robotic process automation, blockchain, artificial intelligence (AI), data analytics, and others. These technological solutions facilitate automation in several banking and investing operations, such as retail banking, digital lending, asset management, insurance investment, fundraising, credit scoring, mobile banking, etc. Fintech services help companies, business owners, and consumers efficiently manage their financial processes by using specialized software and algorithms on smartphones and computers. They ensure enhanced risk management, streamline financial operations, and enable secure and faster payments. Consequently, fintech technologies find widespread applications in the insurance and banking sector across countries.

4. Report Description and Highlights Report Description Fintech Market Trends: The growing digitization of the banking, financial services, and insurance (BFSI) segment across the globe for enhancing productivity and customer retention is among the key factors driving the fintech market. In addition to this, the escalating requirement for advanced technologies to process large volumes of data within a short period, improve efficiency, and reduce the chances of human error is further stimulating market growth. Moreover, the introduction of evolutionary algorithms in fintech that can detect unusual activity to enhance the monitoring of financial transactions, speech recognition, and risk management and offer secured network access to banking institutions is acting as another significant growth-inducing factor. Apart from this, the increasing collaboration between national regulators and financial institutions and the rising investments in extensive research and development (R&D) activities to integrate fintech with AI, machine learning (ML), and big data are also positively influencing the market. Furthermore, the launch of favorable initiatives by government bodies, especially in developing countries, aimed at expanding the industry to overcome the shortcomings in traditional financial services is expected to bolster the fintech market over the forecasted period. Request for a free sample report: https://www.imarcgroup.com/fintech-market/requestsample

5. Report Description Report Description and Highlights Market Summary Breakup by Technology: • • • • • • Application Programming Interface Artificial Intelligence Blockchain Robotic Process Automation Data Analytics Others Breakup by Application: • • • • • Payment and Fund Transfer Loans Insurance and Personal Finance Wealth Management Others

6. Report Description and Highlights Report Description Breakup by Region: • • • • • North America Europe Asia Pacific Middle East and Africa Latin America Breakup by Deployment Mode: • • On-premises Cloud-based Breakup by End User: • • • • On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028. Banking Insurance Securities Others

7. Report Description and Highlights Report Description Competitive Landscape: • Adyen N.V. • Afterpay Limited (Block Inc.) • Avant LLC • Cisco Systems Inc. • Google Payment Corp. • International Business Machines Corporation • Klarna Bank AB • Microsoft Corporation • Nvidia Corporation • Oracle Corporation • Paypal Holdings, Inc. • Robinhood Markets Inc. • SoFi Technologies Inc • Tata Consultancy Services View Report TOC, Figures, and Tables: https://www.imarcgroup.com/fintech-market

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9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found in this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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