What Exactly Is FinTech? Types, Benefits, and Examples (Included)

According to the new market research report by IndustryARC titled “FinTech Market: By Technology (Application Program Interface, Artificial intelligence and Block chain); By Type of transaction (Digital transaction, business finance and personal finance); By Sector (Lenders, payments, wealth management, financial institutions, insurance and others) & By Geography - Forecast(2018 - 2023),” the market will be driven by opportunity to expand products and services in financial institutions with strong focus on data analytics and mobile technology.North America Dominates Major Share in FinTech Market:North America is the leading holder of shares in FinTech market analysis.

Silicon Valley in New York and London are the leading world in FinTech Locations for the year of 2017.To access the full report, click the link below:https://industryarc.com/Report/18381/fintech-market.htmlSelected Solution Analysis Done in the FinTech Market Report:The market is segmented into technology, transaction type and sector.The report analysis on sector segment states that, utilization of technology in business processes is helping to enhance its performance.

Selected Driving Factors Mentioned in the Full Report:• High compatibility with financial services ecosystems and rising crypto currencies market will cap faster transactions and expected to boost the growth in FinTech market.• Demand in distributed ledger technology, has reduced the total cost of ownership, transparency and immutability, and faster transactions would fuel the market growth.Key Players of the FinTech Market:Accenture, IBM, Microsoft, Oracle, Red Hat and SAP are the major players in the FinTechMarket.

Accenture is known for its platform likes Blocko, CoverGo, FutureFlow, Sherlock Garden and others are utilised under blockchain infrastructure, insurance, and financial crimes.

FinTech Market By Geography (16+ countries)Related Reports:A.

Bitcoin Payment Ecosystem Markethttps://industryarc.com/Report/46/global-bitcoin-payments-ecosystem-market-analysis.htmlWhat can you expect from the report?The FinTech Market Report is prepared with the main agenda to cover the following 20 points:1.

India has one of the best markets for fintech innovation.

The best way to find out which fintech companies in India are best is to judge them on the basis of funds raised by them, and EDUVANZ is one amongst the Top fintech companies in India. 

OVO - CB Insights noted that PT Visionet International (OVO) is the unicorn of Indonesia.

Company financial technology (fintech) payments that recorded a startup bervaluasi more than US$ 1 billion since March 14, 2019.

Valuation OVO according to the report of CB Insights titled ‘The Global Unicorn Club’ to reach US$2.9 billion.

"I think already," he said in an interview with CNBC Indonesia TV on January 31, 2019 ago.

We are focusing on the consumer,” he said on the sidelines of the Fintech Summit, the end of last September.

"We still focus on how the nih of our customers, users, partners and others, we can serve them first," he said, some time ago (13/2).

The fintech market comprises sales of technology and platform-based financial services and some other related goods.

In 2019, the global fintech market reached a market value of around $111,240.5 million and is expected to grow to around $191,840 million in 2024, $191,840 million in 2025, and around $325,311 million in 2030.Stash, a fintech company, acts as a personal finance application for its users offering a variety of products for investing and saving purposes.

It provides valuable financial education to the users through its educational content and support.

During the signup process, Stash asks many questions from the user to determine the user’s level of risk tolerance as well as individual’s financial goals.

Depending upon the plan the user chooses, he/she can also open an individual retirement account (IRA) or an investment account for his/her kids.Consider yourself as a user and that you have chosen a subscription plan of Stashinvest to get started.

Now, you can add money to your Stashinvest account, automatically.