The report forecasts the global FinTech investment market to grow at a CAGR of 54.83% during the period 2016-2020.
Blockchain is considered the world's most popular bitcoin wallet. Many banks are opting for this technology to execute different tasks (such as authentication processes) or to verify documents residing within the banking system. Blockchain technology helps the banking system handle different money transactions, thus helping financial institutions like banks to save billions. This takes place through the clearing of in-house money transaction and also the settlement of the cost structure.
According to the report, FinTech companies are seeking the means to store, analyze, and search vast amounts of data. Such analysis would help them segment customer populations, identify opportunities for new products and services, and optimize pricing mechanisms. The use of big data and new data can improve investment decisions, and also help arrive at comprehensive credit scoring mechanisms. Also, the vast amount of data can contribute to managing risks in spotting outlier transactions that may indicate fraud or cyber security breaches, or may validate credit-worthiness decisions.
Further, the report states that in many developing nations, the concept of online payment is at its nascent stage. The mass market customers are unaware of the benefits of using such technologies. This is hindering market growth.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by FinTech for technology
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/g52mw3/global_fintech