A Quick Look At The Latest Happenings In The FinTech Market

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Exciting Possibilities in the FinTech Market
Their Potential
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North America dominates with major share in the
FinTech Market

• North America is the leading holder of shares in
  FinTechmarket. Among all the regions, US is the
  region behind the major adoption of technology in
  the growth of the market. Silicon Valley in New
  York and London are the leading world in FinTech
  Locations for the year of 2017. An overview
  states that having clear idea and knowledge onthe
  technology is the reason behind the adoption of
  the Fintechin the companies of North America.
  Further, Asia-Pacific is expected to show rapid
  growth in Fintechblockchain market during the
  forecast period. The growing technological
  advancement in blockchainsolutions has increased
  the adoption across banking, and in-banking
  financial services across APAC.

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 Selected Regulatory Analysis Done in the Full
Report

• The market is segmented into technology,
  transaction type and sector.The report analysis
  on sector segment states that, utilization of
  technology inbusiness processes is helping to
  enhance its performance.In FinTechsector
  transactiontype segment discuss about the
  payments, financial institution and insurance.
  Insuranceoccupied the largest market share in
  2017. The use of FinTechtechnology across the
  financial services industry is growing. Emergence
  of services such as PayTech, RegTech, InsurTech,
  and digital banking highlight the ways in which
  digitalization has impacted the FinTechindustry.
  These consumer demand in improved access and
  anytime anywhere services is achieving greater
  transparency and will lead the market in the
  period of 2018-2023.

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Selected Driving Factors Mentioned in the Full
Report

• High compatibility with financial services
  ecosystems and rising crypto currencies market
  will cap faster transactions and expected to
  boost the growth in FinTech market.
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• Demand in distributed ledger technology, has
  reduced the total cost of ownership, transparency
  and immutability, and faster transactions would
  fuel the market growth.
• Increase experience of data models and analytics
  to better identity and quality risk is seen as
  themost important trend in the financial industry
  and one of which the market is expected more
  likely to respond in the few years. For this
  reason the insurers are embracing innovation with
  a focus on data analytics and 84 are planning to
  invest in the forecast of 2018-2023.

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Key Players of the FinTech Market

• Ant Financial Services Group
• Adyen
• Qudian
• Xero Ltd.
• SofiInfor
• Lufax
• Avant Inc.

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