Share:

Are Millennials and Gen Z powering a FinTech revolution?

Dominic Brown • 6/1/2020

FinTech (image)

The rise of technology and seismic demographic shifts may impact the finance technology world

The global fintech industry has grown significantly and now there is potential for this disruption to be turbo-charged.

With estimates suggesting that more than $70 billion in venture capital has been raised to support the industry in the past two years alone.1 This trend is expected to continue with forecasts of growth ranging from eight percent to more than 20 percent per annum by 2025. The pace of technological development, the willingness to fund that development and the rapid adoption of this technology, especially by younger generations, have been key drivers.

It remains to be seen whether the effects of COVID-19 will further accelerate this trend, though early reports suggest that as social distancing has become more universally adopted, there has been strong growth in digital financial services.

In this article, learn about the three fundamental reasons driving this shift:

  1. Seismic demographic change
  2. A burgeoning middle class
  3. Further digitalization of financial services

Read the full article.

FinTech (image)

 

1 CB Insights 2019 “State of Fintech: Investment & Sector Trends to Watch”

 

Related Insights

New Normal (image)
Research ? Technology

5G is here. Why it matters and how it will play a part in a post-COVID-19 world

With working from home becoming the ‘new normal’ due to COVID-19 – at least in the short term – being better connected via 5G has become crucial to organizations.
6/1/2020
New Normal (image)
Research ? Industrial

Coronavirus and supply chain disruption: prepare for impact

The pandemic has magnified many supply chain opportunities and trends to drive business success.
Bethany Clark • 6/1/2020
Marketbeat Retail
MarketBeat ? Retail

Cushman & Wakefield: a summary of the Polish retail market in 2019

Global real estate services firm Cushman & Wakefield has summarized the Polish retail market. 406,000 sq m of retail space was handed over in 2019. The development pipeline currently stands at approximately 500,000 sq m, 85% of which is scheduled for opening by the end of 2020. Going forward, investors’ interest will increasingly shift towards smaller cities below 100,000 inhabitants, says Cushman & Wakefield.

Ma?gorzata Dziubińska • 3/9/2020
中文字幕亚洲综合小综合,92午夜福利免视频100集2019,秋秋影视午夜福利高清