The Fintech Industry Report is segmented by service proposition, including Money Transfer and Payments, Savings and Investments, Digital Lending and Lending Marketplaces, Online Insurance and Insurance Marketplaces, and Other Service Propositions. Additionally, it is segmented by geography, covering Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa regions.
In recent years, various fintech subtypes have emerged, including insurtech, regtech, payment services, and others, employing cutting-edge technologies tailored to specific industries or functions. As the fintech sector transcends mere trend status, the degree of execution in an organization’s strategy becomes increasingly significant.
Digital payments offered by fintech entities often entail lower transaction fees compared to traditional banking methods, particularly for cross-border transactions. This cost-effectiveness benefits both consumers and businesses, alleviating financial barriers associated with transactions and driving the adoption of fintech payment solutions.