Global FinTech Market to Hit $1.3 trln by 2034. Beinsure Forecast
The global fintech market, valued at $272 bn in 2023, is projected to reach $723 bn by 2030 and $1.265 trln by 2034, growing at a CAGR of 15%
FinTech
FinTech – financial technology – is the term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrency.
Fintech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.
FinTech Sector Surge in Mergers & Acquisitions Deals in 2024
A slowdown in financial technology sector deal flow is lingering, with a wait-and-see sentiment extending into the second half of the year
Private Equity & Venture Capital Investment in FinTech in the US and Europe
Private equity and venture capital investment in financial technology and payments companies in Europe has been dwarfed by the $10 billion
New Trends of Cloud Services – SaaS, IaaS, PaaS, Serverless
Cloud computing services fall into 4 categories: infrastructure as a service (IaaS), platform as a service (PaaS), serverless, software as a service (SaaS)
FinTech M&A Market: Trends, Deals & Valuation Multiples
While global M&A has suffered in 2024, the Fintech sector saw M&A activity rise sharply this year, with 600+ deals recorded
Global FinTech & InsurTech Funding Highlight & Investment Trends
Global fintech funding reached $75.2B — marking a 46% drop, but up 52%. Insurtech M&A exits rose 40% to 81
Biggest World’s Unicorn Startups by Valuation & Venture Capital Raised
More than 580 new unicorn companies were formed in this year. Globally, there were more than 1,230 active unicorns
How will 5G affect finance industry? The global economic impact & evolution
5G will be a key part of companies’ new operating environment and technology toolkit, but to realise the technology’s potential productivity and efficiency gains
Integrating real-time data analytics through big datasets, AI, and ML technologies empowers companies to detect high-risk policies before solidifying agreements
In 2025, the best automated mail sorters will transform how insurance professionals sort and distribute communications, enhancing speed and reducing human error
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation