FinTech Market Research: Opportunities and Challenges
FinTech companies leverage technology to create new and better financial services for both businesses and individuals. In many respects, these startup companies have taken traditional banking and financial institutions by surprise. They are direct competitors of these institutions. They provide products and services within the categories of personal finance, lending, equity financing, retail and institutional investments, and consumer banking.
FinTech has the potential to transform the design and delivery of financial services. It will revolutionize the underlying processes of clearing, payments, and settlement.