Jan 29, 2021 (The Expresswire) -- Rapid Strides in Digital Services to Accelerate Adoption in Fintech Market
As an aftermath of the indefinite pandemic implications, digital services witnessed ready uptick with massive inclusion in the financial and banking segment, thus furthering growth likelihood in global fintech market. Adroit Market Research further explores dominant market trend, fast changing dynamics and assessed their impact on the holistic growth trajectory pf global fintech market.
Novel commercial agreements, MandA, product diversifications remain staple growth fillers in global fintech market. In this regard, leading market participant, PPRO which is a fintech institute based in London has recently bagged hefty funding worth $180M to boost its services towards local payment infrastructure, catering to e-commerce. The unique developments remain highly conducive growth influencers. This fresh funding aid is likely to be directed for service expansion and supplement its border-free payment technology adoption.
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AI ML Integrated Solutions Diversify Scope by Identifying Fraudulent Transactions
Inclusion of advanced technologies such as AI and ML integration to offer tremendous growth fillip to fintech market expansion, thus augmenting rapid digitization. Digital transition is a promising development across emerging countries such as India. Backed by rapid government thrust for swift adoption, advanced technologies such as AI and ML integration are likely to unravel new opportunities, facilitating regional diversification.
With the current pandemic in place, fintech advances are primarily targeted towards product innovations, transforming from crypto assets to more vital financial operations such as insurance and online payments. Backed by this steady adoption trends, product diversification is further expected to favor robust growth in fintech market in the coming years.
Need for quick and error-free financial transactions expedite growth in robotic process automation thus favoring operational efficiency. Robotic Process Automation in fintech is expected to transform labor intensive tasks such as accounts maintenance, security checks and onboarding.
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The major players of global fintech market are: Ant Financial, Kabbage Inc., Avant LLC, Social Finance, Inc. (SoFi), Square, Inc., Nexi Payments SpA, Adyen, Qudian Inc., FIS, MarketAxess Holdings, Inc., LendingTree, Nelnet, Inc., Synchrony Financial, American Express, ACI Worldwide, Inc., etc. Fintech companies are anticipated to grow fast as venture capital models usually provide funds for only 3 or 4 years.
Segment Overview of Global Fintech Market
Type Overview, 2018-2025, (USD Billion)
Application Program Interface (API)
Application Overview, 2018-2025, (USD Billion)
Banking and Payments
Regional Overview, 2018-2025, (USD Billion)