Fintech (Financial technology) Market Analysis 2020-2025 by key players Ant Financial, Kabbage Inc., Avant LLC, Social Finance Inc. (SoFi), Square Inc., Nexi Payments SpA, Adyen, Qudian Inc., FIS

Global Fintech (Financial technology) market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Fintech market. In, turn, this will lead to improvement in market worth.

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Global Fintech (Financial technology) Market: Notable Development
Global Fintech (Financial technology) market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Fintech market is highly consolidated. And, key players in the global Fintech (Financial technology) 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.

Global Fintech (Financial technology) Market: Key trends and driver
While contactless debit and credit card use is on the rise, the number of cash payments is decreasing. Contactless debit and credit cards work through Near Field Communication (NFC) technology, allowing devices to set up contacts in close proximity using radio frequency identification. This has had a big impact on the adoption of fintech. North America has led the digital chaos of MasterCard, Visa and others, and others are driving this adoption and development.

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Global Fintech (Financial technology) Market: Regional Analysis
On the basis of types of fintech technologies, the market is categorized into an application program interface (API), data analytics, artificial intelligence, blockchain, and others. Blockchain technology type is expected to grow at a CAGR of over 18.71% over the forecast period 2020 -2025. Block-chain in the fintech market is primarily driven by its compatibility with the financial industry ecosystem, reduction of the total cost, faster transactions, etc. Blockchain integration in financial services provides real-time payment transaction details such as digital identity and other details to financial organizations, which results in significant cost saving with respect to settlement and reconciliation for financial organizations and banks.

Segment Overview of Global Fintech Market
Type Overview:
o Application Program Interface (API)
o Data Analytics
o Artificial Intelligence
o Blockchain
o Others

Application Overview:
o Banking and Payments
o Financial Management
o Financing
o Insurance

Regional Overview:
o North America
o The U.S.
o Canada

o Europe
o UK
o Germany
o France
o Rest of Europe

o Asia Pacific
o China
o Japan
o India
o Rest of APAC

o Latin America
o Brazil
o Mexico
o Rest of South America

o The Middle East and Africa
o UAE
o South Africa
o Rest of Middle East & Africa

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