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Digital Market Outlook: global comparison FinTech transaction value 2018

Countries with the highest FinTech transactional value worldwide in 2018 (in million U.S. dollars)*

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Release date

May 2018

Region

Worldwide

Survey time period

2018

Supplementary notes

* Estimate.

“FinTech” is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

The characteristics of the digitization process of financial services include: simplified access for end users via the Internet or mobile Apps, an increase in the processing speed of automated processes, reduction in costs, a stronger focus on customer service, more convenience, higher transparency and the exploitation of network effects.

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Statistics on "FinTech in the United Kingdom"

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