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4 Key Trends in the Fintech Industry
The first half of 2018 attracted over USD 57.9 billion in investments for the fintech industry, exceeding the 2017 annual total. Let’s take a look at the key trends shaping this rise.
According to PwC’s 2018 Digital Banking Consumer Survey, the number of people who prefer to use their smartphones for banking is on an upward trend going from 10% to 15% in just one year.
As per a McKinsey report, fintech is witnessing a rise in a digital-only presence by banks resulting in fewer physical locations, with Asia leading the way with about 55%-80% consumer acceptance.