Since the FinTech landscape is maturing, now is the time to see which companies are here to stay and can become profitable.
Today, FinTech is as popular as ever and pervasive across not only all areas of financial services but also across all financial processes of businesses, governments, and educational institutions. Financial institutions are reliant on technology to run their businesses while the financial processes of all organizations are increasingly moving to the cloud and becoming more reliant on software.
FinTech has been a buzzword in the world of finance and has the capability to extend financial inclusion, improve the daily lives of people, and spur growth. After massive growth in the last 5 years, the FinTech market is maturing. Now is the time to see which companies are here to stay. New trends are developing, which will further – evolve in the coming years. Let’s take a closer look at the state of the industry with this infographic below.