Insights From The 2023 Fintech Index (2024)

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Insights From The 2023 Fintech Index (2024)

FAQs

What is the fintech stats for 2023? ›

In 2023, the total revenue of the industry was estimated at 79.38 billion U.S. dollars. According to Statista Market Insights, the revenue of the global fintech sector is forecast to increase further in the coming years, exceeding 141.18 billion U.S. dollars in 2028.

What is the best personal finance product in the 2023 fintech Breakthrough Awards? ›

Earlier this year, Wealth Plan was named Best Personal Finance Product in the 2023 FinTech Breakthrough Awards. J.P. Morgan Wealth Management also ranked #1 in Customer Satisfaction with Wealth Management Digital Channels in the J.D. Power 2022 U.S. Wealth Management Digital Experience Study.

What is the F Prime fintech Index? ›

The F-Prime Fintech Index is designed to track the performance of disruptive publicly traded financial technology companies enabling the delivery of core financial services across payments, banking, lending, insurance, real estate, wealth and asset management.

What is fintech index? ›

The Index enables fintech companies and investors to reduce barriers to fundraising, harness business development opportunities, benchmark against peers and validate product market fit.

What are the predictions for the fintech industry? ›

Here are Kansal's top predictions for fintech in 2024.
  • Expect more scrutiny and regulation. ...
  • Security and compliance will remain a challenge. ...
  • Cross-border payments will command attention. ...
  • Fintechs will seek to expand consumer success to other functions. ...
  • Artificial intelligence holds a lot of promise.
Mar 26, 2024

Which country is leading in fintech? ›

#USA (5,730 companies): Boasting robust financial markets, advanced technology, and a supportive regulatory environment, the US remains a global FinTech leader. #UK (4,910 companies): London, a key financial hub, attracts FinTech companies seeking proximity and access to capital.

What's hot in fintech? ›

Among many fintech trends in 2024 include the widespread adoption of Embedded Finance, the transformative impact of Open banking, the rise of sustainable finance practices, the continued evolution of Artificial Intelligence (AI), and the dynamic growth of models like "Buy Now Pay Later" and alternative lending, shaping ...

What determines success in fintech? ›

Critical Success Factor (CSF), funding, networks, responsiveness, organizational governance, entrepreneurial culture, team, internal communication, ease of compliance, and customer-centricity, provide a management perspective on FinTechs.

What is the most pressing fintech need or opportunity? ›

Machine learning. Machine learning is among the leading fintech opportunities and challenges in terms of implementation. It helps AI adapt to new situations and identify patterns.

What is the best fintech ETF? ›

Best Financial and Fintech ETFs To Buy
  • Amplify Mobile Payments ETF (NYSE:IPAY) ...
  • Capital Link Global Fintech Leaders ETF (NYSE:KOIN) ...
  • ARK Fintech Innovation ETF (NYSE:ARKF) ...
  • First Trust Financials AlphaDEX Fund (NYSE:FXO) ...
  • Fidelity MSCI Financials Index ETF (NYSE:FNCL) ...
  • Invesco S&P 500 Equal Weight Financials ETF (NYSE:RSPF)
Mar 25, 2024

What is the Nasdaq index for fintech? ›

The KBW Nasdaq Financial Technology live stock price is 2,548.1.

Is S&P Global fintech? ›

S&P Global Market Intelligence helps provide a competitive edge by sourcing, structuring, linking, and delivering an extensive set of broad and deep data. Experienced, knowledgeable, and dependable. We are the provider Fintech companies have come to rely on.

What are the top fintech companies? ›

Largest Fintech Companies by Market Valuation
RankingsNameMarket Cap (in USD)
1Visa528,317,755,927.00
2Mastercard433,167,712,422.00
3Intuit182,692,359,099.00
4Fiserv96,330,327,948.00
57 more rows

What is the emerging market fintech index? ›

The EQM Emerging Markets FinTech Index (EMFINQ) seeks to track the combined performance of a basket of emerging market and/or frontier market companies that derive significant revenue from financial technology (FinTech), technology-enabled financial applications disrupting traditional financial service and banking ...

Are fintech stocks good? ›

Fintech is a high-growth industry that's evolving rapidly. Businesses and consumers are embracing innovative solutions to numerous problems and inefficiencies, and the companies that provide the best solutions are primed to deliver impressive returns to shareholders.

What are the statistics of fintech? ›

Top Fintech Stats (Editor's Picks)

As of 2023, the fintech space is worth over $226 billion. There are approximately 30,000 fintech startups. Around 90% of Chinese citizens use fintech banking. Visa is the largest fintech company with a valuation of almost half a trillion USD.

What is the future outlook for fintech? ›

The future of fintech will likely include significant expansion in the next few years. As consumer demand for convenient digital financial apps rises and traditional financial institutions increasingly partner with or adopt fintech offerings, the line between fintech startups and established players will blur quickly.

What are the economic stats for 2023? ›

The United States Gross Domestic Product (GDP) rose 2.5% in 2023, above the economy's long-term growth potential and the 1.9% growth in 2022 (figure 1). Consumer spending was the main driver of the GDP increase in 2023 (figure 1).

What is the financial market outlook for 2023? ›

Instead, earnings may drip down slowly throughout 2023, frustrating market bears. Interest rates on long-term bonds have fallen lower than those of short-term bonds, creating an inverted yield curve that usually portends an upcoming economic slowdown.

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