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):
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.
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