The Fintech Revolution Accelerating Bank Performance In The Dynamic

The Fintech Revolution Accelerating Bank Performance In The Dynamic We estimate this share could increase to more than $400 billion by 2028, 11 representing a 15 percent annual growth rate of fintech revenue between 2022 and 2028, three times the overall banking industry’s growth rate of roughly 6 percent (exhibit 1). 1. emerging markets will fuel much of this revenue growth. The fintech revolution: accelerating bank performance in the dynamic landscape of 2023 by pooja choudhary june 16, 2023 june 5, 2023 0 “banks can partner with fintech to build an ecosystem where the size of the pie grows for the banks and third parties.”.

The Fintech Revolution Accelerating Bank Performance In The Dynamic Given the importance of banks in the financial system, it is critical to understand the risks and opportunities that fintech creates for banks and its impact on the main functions of financial intermediaries as well as their role in the modern ecosystems of financial services. 1 specifically, it is not altogether clear whether the fintech revolution will completely disrupt traditional banking. 5. blockchain. powered by cryptocurrencies and distributed ledger technologies, blockchain is a crucial component of the financial revolution. with blockchains, organizations may preserve data, authenticate and identify individuals, verify transactions, sign agreements, and boost traceability. 6. The financial and banking sector has undergone a significant digital transformation in 2023, driven by a focus on esg commitments, macroeconomic uncertainty, a renewed focus on risk management and the rapid spread of automation. this transformation is expected to continue in 2024, with technology playing a leading role. Insights to inform fintech market development and evidence based regulation. we are delighted to present this joint insight report based on the survey findings, which depicts a global fintech industry that has undergone swift and profound changes in the last few years and is now embarking on a road to more resilient and inclusive growth.