Blockchain
Fintech (Financial Technology) Market to hit $460 billion by 2025 – Global Insights on Growth Drivers, Key Trends, Strategic Initiatives, Value Chain Analysis and Future Outlook: Adroit Market Research
Dallas, Texas, Jan. 29, 2020 (GLOBE NEWSWIRE) — The “Fintech (Financial technology) Market by Type (Application Program Interface (API), Data Analytics, Artificial Intelligence, Blockchain, and Others), By Applications (Banking and Payments, Financial Management, Financing, and Insurance), and By Region, Global Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Increasing the use of mobile banking applications for digital payments or other banking applications is expected to impact positively on the global fintech market in the given analysis period. Mobile banking applications have become an integral part of bank offerings, allowing them to compete in this market. It is recorded that, around 87% of the population in the U.S. has mobile phones with 77% of internet connection. Out of this, approximately 53% of users had recently used a smartphone for mobile banking. Further, increasing investments in fintech solutions are among the key factors driving the growth of the global fintech market. In the U.S. most of the banks, corporate venture capital groups, and other investors are investing heavily in fintech startups due to the increasing demand for fintech solutions among users and for the purpose of future returns.
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The global fintech market size is projected to reach USD 460 billion by 2025. The term “Fintech” is broad and the global fintech industry is rapidly growing in order to serve both businesses and consumers. When it comes to technologies in financial services, not a single technology is lagging behind. Every technology has its own applications and benefits in the fintech market. Fintech companies integrate various technologies such as AI, Blockchain, etc. into financial services to make them faster, safer, and more efficient.
Furthermore, since 2018, Goldman Sachs Strategic Investments have participated in 21 fintech deals and Citi Ventures have participated in 11 fintech deals. Therefore, these banks continue to invest in a wide range of fintech sectors. Since 2017, Citi Ventures has invested in 4 blockchain, 3 payments & settlement startups, and 3 capital markets.
The report also throws light on various aspects of the global fintech industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the fintech industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
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The global fintech market has strong competition among the well-established and new emerging players. These market players are providing enhanced products to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
On the basis of types of fintech technologies, the market is categorized into an application program interface (API), data analytics, artificial intelligence, blockchain, and others. Blockchain technology type is expected to grow at a CAGR of over 18.71% over the forecast period 2020 -2025. Block-chain in the fintech market is primarily driven by its compatibility with the financial industry ecosystem, reduction of the total cost, faster transactions, etc. Blockchain integration in financial services provides real-time payment transaction details such as digital identity and other details to financial organizations, which results in significant cost saving with respect to settlement and reconciliation for financial organizations and banks.
The European market is expected to have a significant growth with more than 11% CAGR over the forecast period. The favorable and stable regulatory environment created by the European payment directive PSD2 (Payment Service Directive) is the major reason behind the growth of the European fintech market. The regulation requires the bank to be more focused and open with PSPs (payment service providers). Furthermore, a large volume of venture capital investments in the region is also significantly impacting the market. For instance, total investments in European companies has reached to around USD 34.2 billion in 2018.
The major players of global fintech market are Ant Financial, Kabbage Inc., Avant LLC, Social Finance, Inc. (SoFi), Square, Inc., Nexi Payments SpA, Adyen, Qudian Inc., FIS, MarketAxess Holdings, Inc., LendingTree, Nelnet, Inc., Synchrony Financial, American Express, ACI Worldwide, Inc., etc. Fintech companies are anticipated to grow fast as venture capital models usually provide funds for only 3 or 4 years.
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Financial Institutions and fintech companies have more interest in working hand in hand than waging war upon each other. The global fintech market is a highly competitive and attractive market. There are more than 200 companies competing in the Canadian marketplace currently with the number of new entrants expected to increase significantly.
Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Fintech Market by Type
Chapter 6 Fintech Market by Application
Chapter 7 Fintech Market By Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
Chapter 10 Appendix
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About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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