{"id":800,"date":"2021-04-06T11:41:51","date_gmt":"2021-04-06T07:11:51","guid":{"rendered":"https:\/\/crenov8.com\/blog\/?p=800"},"modified":"2021-04-06T11:50:39","modified_gmt":"2021-04-06T07:20:39","slug":"global-fintech-industry-trends-2021-analytics","status":"publish","type":"post","link":"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/","title":{"rendered":"Global Fintech Industry Trends 2021 (Analytics)"},"content":{"rendered":"<p>Financial Technology, or &#8220;FinTech,&#8221; has become the industry&#8217;s great disruptor; it&#8217;s a disruptive revolution that has transformed everything and everyone. The industry is growing at an exponential pace.<\/p>\n<p>FinTech is a simmering powerhouse for investment, fierce competition, and burgeoning demand.<\/p>\n<p>Furthermore, one main context will characterize 2021: the growth of the connected customer, whose problems, desires, and expectations will accelerate product creation and influence the financial industry&#8217;s overall direction.<\/p>\n<p>According to recent fintech figures, the COVID-19 pandemic has aided the industry&#8217;s adoption of cloud platforms and related solutions.<\/p>\n<p>Fintech has already had a profound impact on the industry.<\/p>\n<p>This is because many businesses are afraid of missing out.<\/p>\n<p>When it comes to managing their money, customers expect a seamless digital experience.<\/p>\n<p>Financial institutions must work hard to do this for them, otherwise they will lose out.<\/p>\n<p>New alliances between FinTech startups, technology companies, and existing financial institutions have sprung up as a result of these expectations.<\/p>\n<h4>Here are some Fintech trends and statistics you should know;<\/h4>\n<ul>\n<li>By 2022, the global financial services industry is expected to be worth $26.5 trillion.<\/li>\n<li>Global fintech investment hit 1,221 deals worth $26.5 billion in the first half of 2020.<\/li>\n<li>Digital payment is one of the most common fintech products, accounting for 25% of the industry.<\/li>\n<li>At least one fintech service or organization is known to 96 percent of global consumers.<\/li>\n<li>Consumers in 64 percent of countries have used one or more fintech platforms, up from 33% in 2017.<\/li>\n<li>Consumers prefer to interact with financial institutions that offer a single channel, such as social media or mobile banking applications, according to 60 percent of respondents.<\/li>\n<li>In the next decade, AI would control 95 percent of all customer interactions, with customers preferring technology interaction over human interaction.<\/li>\n<li>Since 2019, the use of cash at all points of sale has decreased by 42%, and it is expected to become the least-used payment form in four years.<\/li>\n<li>This year, 90 percent of smartphone users would make a mobile payment.<br \/>\nMobile transactions are predicted to rise by 121 percent by 2022. This will account for 88 percent of all financial transactions in the future.<\/li>\n<li>Due to customer behaviour, e-commerce is one of the most significant growth factors in fintech, with a CAGR of 10\u201312%.<\/li>\n<li>For global money transfers and payments, customer fintech adoption is at 75%.<\/li>\n<li>In the next three to five years, 82 percent of conventional financial companies expect to expand collaboration with fintech companies.<\/li>\n<li>In the next five years, 88 percent of traditional financial institutions assume a portion of their market will be lost to independent FinTech firms.<\/li>\n<\/ul>\n<h4>Read More on Crenov8:<\/h4>\n<p><a href=\"https:\/\/crenov8.com\/blog\/according-to-a-recent-report-by-oracle-artificial-intelligence-is-the-future-of-finance\/\">According to a recent report by Oracle, Artificial Intelligence is the future of Finance<\/a><\/p>\n<p><a href=\"https:\/\/crenov8.com\/blog\/the-global-economic-impact-of-5g-analytics\/\">The Global Economic impact of 5G (Analytics)<\/a><\/p>\n<p><a href=\"https:\/\/crenov8.com\/blog\/business-intelligence-vs-decision-intelligence-how-does-business-intelligence-help-you-make-better-decisions\/\">Business Intelligence Vs Decision Intelligence: How does Business Intelligence help you make better Decisions?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Technology, or &#8220;FinTech,&#8221; has become the industry&#8217;s great disruptor; it&#8217;s a disruptive revolution that has transformed everything and everyone. The industry is growing at an exponential pace. FinTech is a simmering powerhouse for investment, fierce competition, and burgeoning demand. Furthermore, one main context will characterize 2021: the growth of the connected customer, whose problems, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[202,329,81,185,225,175,199,201,20],"tags":[255,302,330,332,228,4,386,380,388,390,389,387,309,307,306,331,303,304,305,308],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"Financial technology, or &quot;FinTech,&quot; has become the industry&#039;s great disruptor; it&#039;s a disruptive revolution. Global Fintech Industry Trends.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Financial technology Fintech Industry Trends 2021 (Analytics)\" \/>\n<meta property=\"og:description\" content=\"Financial technology, or &quot;FinTech,&quot; has become the industry&#039;s great disruptor; it&#039;s a disruptive revolution. Global Fintech Industry Trends.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T07:11:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-06T07:20:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crenov8.com\/blog\/wp-content\/uploads\/2021\/04\/new1-06-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"CRENOV8\">\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data2\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/crenov8.com\/blog\/#website\",\"url\":\"https:\/\/crenov8.com\/blog\/\",\"name\":\"Blog\",\"description\":\"CRENOV8\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/crenov8.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/crenov8.com\/blog\/wp-content\/uploads\/2021\/04\/new1-06-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Global Fintech Industry trends 2021\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/#webpage\",\"url\":\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/\",\"name\":\"Global Financial technology Fintech Industry Trends 2021 (Analytics)\",\"isPartOf\":{\"@id\":\"https:\/\/crenov8.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/#primaryimage\"},\"datePublished\":\"2021-04-06T07:11:51+00:00\",\"dateModified\":\"2021-04-06T07:20:39+00:00\",\"author\":{\"@id\":\"https:\/\/crenov8.com\/blog\/#\/schema\/person\/4a294460120d2b1d6e25caf300b1ca07\"},\"description\":\"Financial technology, or \\\"FinTech,\\\" has become the industry's great disruptor; it's a disruptive revolution. Global Fintech Industry Trends.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/crenov8.com\/blog\/global-fintech-industry-trends-2021-analytics\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/crenov8.com\/blog\/#\/schema\/person\/4a294460120d2b1d6e25caf300b1ca07\",\"name\":\"CRENOV8\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/crenov8.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/crenov8.com\/blog\/wp-content\/uploads\/2019\/08\/crenov8-favicon-150x150.png\",\"caption\":\"CRENOV8\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/posts\/800"}],"collection":[{"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/comments?post=800"}],"version-history":[{"count":3,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/posts\/800\/revisions"}],"predecessor-version":[{"id":928,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/posts\/800\/revisions\/928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/media\/923"}],"wp:attachment":[{"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/media?parent=800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/categories?post=800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crenov8.com\/blog\/wp-json\/wp\/v2\/tags?post=800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}