Fintech globally

An industy just two decades old, Fintech has exhibited explosive growth.

McKinsey has calculated the market capitalisation of all publicly traded Fintechs at July 2023 to be $US550 bn. In addition, the more than 270 'unicorns' had a combined valuation of more than $US936 bn.

In 2023, Fintechs have been estimated by Boston Consulting Group to hold a mere 2% of global financial services revenue.

Regulator's growing interest.

Fintech, by its very nature, causes Regulators some unease. 

As a disruptive force Fintech is blurring the functional boundary that exists between an individual and a financial intermediary. Distributed ledgers create new, decentralised financial infrastructures, permitting users to interact directly on a peer-to-peer basis. 

Tech developments that will shape the future of Fintech.

Fintech growth and adoption is all about the disruptive effect of technology. A consensus has formed on what the most influential technological developments will be that will shape Fintech's growth over the next 10 years. The five most significant developments are likely to be:

We all love Fintech

It used to be we were more likely to get divorced than change our bank. Much like the very institution of marriage, the attachment we once had to our ‘one and only’ provider of all things financial has gone.

With the near ubiquitous ownership of smart phones and universality of internet access, two of the necessary conditions for Fintech adoption, we appear to have embraced Fintech products without reservation.

How and why has this happened?