FinTech Report 2023

The rising number of internet and smartphone users as well as the aftermath of the financial crises of the early 21st century have led to the digitization of many financial products. FinTech, a combination of financial services and technology, has been rapidly evolving in the last decade. We have identified four major market where innovative digital products and services challenge established players in the financial services field: Customer focus, digital touchpoints, higher levels of security and convenience make up the core elements of the growing FinTech movement. In this report, we consider the rapidly evolving FinTech market. We have identified four major market where innovative digital products and services challenge established players in the financial services field.

FinTech, a combination of financial services and technology, is highly important for Digital Payments, whether that be Digital Commerce (mainly online shopping transactions), Mobile POS Payments (making offline payments using digital payment technology) or Digital Remittances. Other markets include Digital Capital Raising, which involves all kinds of crowd financing for small businesses or creative/innovative projects, P2P Marketplace Lending and Crowdlending for business purposes. Digital Investment market includes automated private asset allocation in the form of Robo-Advisors, as well as Neobrokers. Neobanks that provides financial services to customers exclusively through online and mobile platforms, without physical branches

FinTech market overview

• Overview
• Estimated market development
• Corona impact
• Key player landscape
• Business models
• Trend analysis
• Key market indicators

• Overview
• Market sizes
• User numbers
• Average transaction value per user
• Penetration rates
• Market drivers
• Company profiles
• Deep dives

• Product overview

FinTech overview

• Global transaction value forecast in billion US$
• Internet penetration in 2022
• Global fixed broadband subscriptions and average connection speed
• Smartphone penetration in 2022
• Gross domestic product per capita in 2022 in US$
• Consumer spending per capita in 2022 in US$
• Share of population having an account at a financial institution in 2022
• Online payment users share of population in 2022

• Global transaction value forecast in billion US$
• Transaction value forecast in billion US$
• Number of users forecast in millions
• Average transaction value per user forecast in US$
• Global AUM forecast in trillion US$
• Average AUM per user forecast in US$
• Global revenue forecast in billion US$
• Average revenue per user forecast in US$
• Number of campaigns forecast in millions