Fintech Market Top Key Players – Fidelity, London Stock Exchange Group, Global Payments, Fiserv, Ant Financial, Stripe, CoinBase, Robinhood, Klara, Gtrab, J.D Digit, GoJek, Paytm

KEY FINDINGS

• The COVID19 pandemic has had a positive impact on the key market indicators of the global FinTech market. The pandemic also had a negative impact on indicators such as the number of claims, the number of new loans granted and the lack of repayments.

• Market sourcing companies are fairly concentrated in North America, Great Britain and the Asia-Pacific region. The UK has the greatest concentration of headquarters and operations at the firm level, followed by the US, Singapore, India and Australia.

• The FinTech market is gradually approaching maturity due to increasing regulatory requirements, changes in technology and consumer behavior, and the financing of such companies later in their lives, which will hinder development in the early stages of their registration.

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IMPACT OF COVID-19 ON GLOBAL FINTECH MARKET

• The Covid19 outbreak has blurred the boundaries between banks and fintechs, accelerated digital adoption and led to a decline in the number of alternative lenders.

• Limited access to capital will force a few players to close, leaving the industry to bigger and stronger companies. Startups are clearly in trouble as Sequoia Capital has sent out a warning that it will take at least three or four quarters to recover from the Covid19 crisis.

• Prolonged uncertainty will reduce the number of fintech start-ups, and this in turn will give impetus to companies that can solve problems. It will be even harder for new players to catch up. However, they still have a chance as even the big players will continue to weaken in the face of the outbreak of the pandemic.

FINTECH MARKET SEGMENTATION

BY SERVICE
• Banking and Capital Markets
• Investment Management
• Insurance
• Real Estate

BY SERVICE PROVIDER
• Payment Processos
• Securities Brokerage and investment Firms
• Banks
• Non-Banking Financial Companies
• Others

BY TECHNOLOGY
• Mobile Commerce and transfer
• Robotic Process Automation
• Data Analytic
• Others

BY GEOGRAPHY
• United States of America
• Europe
• APAC
• Middle East and Latin America

FINTECH MARKET TRENDS IN THE INDUSTRY

• Companies Will Make Digital Systems a Priority - As communities continue to promote self-isolation as a way to slow the spread of the virus and businesses are switching to teleworking, banks will need to find ways to leverage more efficient digital solutions. Fintechs can offer solutions that replace older systems.

• One platform, Multiple services - The consumer primarily prefers having several services on one platform. Many fintech brands have already implemented this process, offering multiple services in one application, but increasing the offer of robust solutions with powerful API integrations will add.

• Blockchain & Cryptocurrency- This trend is more significant as it would be impossible or costly to send money across a globalized world through bank accounts. This helps explain the rapid growth and popularity of blockchain and cryptocurrencies that enable people to send and receive digital money with little or no cost with minimal regulatory oversight.

COMPANIES PROFILED
• Fidelity
• London Stock Exchange Group
• Global Payments
• Fiserv
• Ant Financial
• Stripe
• CoinBase
• Robinhood
• Klara
• Gtrab
• J.D Digit
• GoJek
• Paytm

Read More Information: https://mobilityforesights.com/product/fintech-market/

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This release was published on openPR.