Frost & Sullivan experts present key trends and strategic recommendations for the global fintech market
SANTA CLARA, CA–The COVID-19 pandemic has certainly upended the financial services industry (FSI), but the overall impact it has had around the globe – on people, businesses, and the economy – is massive. The FSI has remained strong through 2020, but has readied itself for what is next. Digital transformations that were already in process have been sped up, and resiliency has been a key factor in companies that are surviving and thriving.
Financial services industry and Fintech
To help companies identify new avenues for top-line growth and plan for a more fruitful 2021, Frost & Sullivan’s team of industry experts have compiled a complimentary insight: Top 5 Growth Opportunities in the Fintech Industry for 2021 – What You Need to Know Now.
The Fintech industry is extensive. It is comprised of multiple subsectors; each of which will have trends specific to them, and specific to a region. Frost & Sullivan includes the following sectors under Fintech (not exhaustive):
Verticals: Digital Banking, Insurtech, Wealthtech
Enablers: Cloud, Data and Analytics, Blockchain, Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT)
Services: Lending Platforms, Regtech, Paytech
The list of trends included herein is not comprehensive. The COVID-19 pandemic has certainly upended the financial services industry, but the overall impact it has had around the globe – on people, businesses, and the economy – is massive. While all repercussions still cannot be predicted long-term, there are some likely possibilities and opportunities for the Fintech industry in the nearer term.
The financial services industry has remained strong through 2020, but has readied itself for what is next. Digital transformations that were already in process have been sped up, and resiliency has been a key factor in companies that are surviving and thriving.
Gain insight into exciting new growth opportunities, strategic recommendations, best practices, and future developments in the following areas:
- Cybersecurity
- Big Data and advanced analytics
- Partnerships
- Digital Banks
- Personalization
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.
Related Posts
