Fintech Statistics Us – Fintech investment and consumer adoption are on the rise. But how much? Where is this company located?
In 2017, the revenue of the fintech industry was about $90.5 billion. Since then, this number has increased by more than 100%.
Fintech Statistics Us
There are currently more than 26,000 fintech startups in the world. This number has grown significantly in recent years (in 2019 there are only about 12,000 fintech startups).
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In 2012, investments in financial technology reached $4 billion. This number increased every year until 2015, reaching US $ 67.1 billion – a 17-fold increase.
This figure gradually decreased before increasing to $147.9 billion in 2018. It increased again to $215.4 billion in 2019.
In the first half of 2021, investment in fintech companies reached a record high of $98 billion, up from $19.9 billion in the second half of 2020.
Here is a detailed look at the distribution of corporate capital to the fintech industry in recent years:
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Almost half of the top 20 fintech companies by market capitalization are located in the US (Google Finances)
Looking at each country, in 2019, China led fintech funding and payment acceptance at 92%. In fact, China is leading the way in fintech adoption across the board.
If you look closely at the United States, you’ll see the rise of digital banking over the past five years.
In 2018, about 61.3% of Americans used some form of digital banking. This indicator increased last year by less than 0.5%.
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As of 2018, Americans have been getting more credit deals through financial technology. Between 2013 and 2018, the annual growth ranged from 5% to 38%.
The words of the wise. Most bank executives believe fintech will have a major impact on wallets and mobile payments (Capgemini)
A recent survey found that financial executives believe that traditional financial institutions are having a significant impact on certain sectors of the financial industry.
Here’s a breakdown of the percentage of CEOs who believe fintech companies will have a significant impact in 2018 (by sector):
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These beliefs are attributed to the increase in inflation mentioned above. It has become a strong indicator of the growth of fintech in these sectors.
Fintech is part of the future. This is an industry to watch in the coming years.
If you enjoy reading our fintech articles, you can check out our latest list of fintech trends and fintech companies. In the first FinTech Jobs report, we present key insights into the FinTech industry, relevant jobs and the skills needed to help fuel future employment and provide opportunities for government, regulators, employers and candidates.
In the first FinTech Jobs report, we highlight key FinTech experiences, job responsibilities and practical skills needed to help create future jobs and opportunities for governments. , editors, producers and candidates.
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Understanding the fintech job market allows managers, regulators, employers and candidates to adjust fintech skills, hiring and processes, which is why the CFTE in this report.
A few years ago, the industry wondered whether banks should become technology companies or not. Our research shows that fintech companies, at least from an investment perspective, are actually technology companies, not just financial companies. This important information should be considered by job seekers and students, as well as by banks and regulators. Huy Nguyen Trieu, founder of CFTE
FinTech is an industry that employs almost as many people as the entire financial sector in London, and four times more. So this is a great opportunity for those who want to join a fast growing business with great potential. Our research shows that hard skills are important, but critical thinking and soft communication skills are more important for entering the industry, meaning that anyone with the right attitude can become a part of the fintech story. Tram Anh Nguyen, founder of CFTE
Fintech is everywhere. We live in the future of fintech, from consumer habits behind digital and mobile payments to the BNPL model, and from natural, social and government (ESG) in non-fungible tokens (NFT) running on the blockchain to represent digital. art or property. 2022 will change the traditional banking concept and the FinTech Jobs Report will help us in this amazing journey.
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Prof. Dr. Enrico Molinari, Professor of Economics and Management, University of Fine Arts Sanremo Lux Technopol – E-Campus Group
The CFTE report provides a comprehensive overview of the fintech ecosystem as a tool. This is very appropriate, because there are more than 200+ fintech startups in more than 10 years and the number of offers is growing. The report’s schedule provides a critical overview of job opportunities in fintech.
The FinTech environment continues to evolve at an incredible pace. Like other sectors, they are facing a big challenge: matching different talents with many jobs. I recommend the CFTE report on working in fintech as a comprehensive guide to address the challenges faced by those working in fintech from a variety of perspectives.
Fintech topics have been brought to the international level, especially post-Covid (VC firms, blockbuster IPOs, startups), creating panic among job seekers. The Careers in FinTech exhibition is a benefit to anyone who can prepare to attend and benefit from CFTE’s research and valuable insights. A real treasure of information.
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The past few years have changed the way people consume financial products. This important report will help us better understand the changes in how the new digital currency works and by whom. This is an essential read for those looking to move into the fintech industry, or for those building new companies and organizations for the future.
Technology is embedded in everything we do, including financial services. Financial technology, or fintech, has seen tremendous growth. At Tech Eats Finance, CFTE tells us about the evolution of fintech and what it takes to be part of this growing ecosystem. Sit back, it’s a ride you won’t forget. Our research focuses on the five main coverage areas listed below. We use our extensive research in our reports, charts, forecasts and more to inform our clients of important developments and trends before they reach the mainstream. .
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Our goal is to unlock digital opportunities for our clients with the world’s most reliable forecasts, data and indicators. Our research on digital transformation is comprehensive, covering five key areas and a range of industries.
Clear, visual data sources are ideal for validating your strategic ideas and driving through internal and external reports.
The methodological data was taken from Plaid’s October 2021 FinTech Report 2021: The Impact of FinTech: The Moment of Mass FinTech Adoption by Harris Poll. The survey was conducted July 6-20, 2021, among 2,000 US adults and 2,000 UK adults aged 18 and over. Data are weighted independently for US and UK populations.
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New entrants see an opportunity to open up the traditional banking sector and deliver the expected results with better service to customers and businesses. In the same way, the threats posed by FinTech companies can destroy the four business aspects of incumbents – market share, margins, information security/privacy, and customer churn. – at higher prices compared to other currencies.
Traditional players are at the forefront of consumer solutions, at least compared to what fintech companies are offering. Only half of bank respondents (53%) believe they are customer focused, compared to more than 80% of fintech respondents.
By prioritizing 24/7 access, fintech provides services through non-traditional channels such as social media, which greatly empowers consumers.