There are numerous factors driving the adoption of financial technology (fintech) market development. Particularly within emerging nations, technology vendors and service providers are looking at ways to provide services to individuals who previously have never used financial services -- they're often referred to as the un-banked population. Fintech platform revenues to support lending and financing are set to reach $10.5 billion globally by 2020, doubling the $5.2 billion expected this year, according to the latest worldwide market study by Juniper Research. The analyst has predicted that growth would be driven by a combination of factors including an acceleration in peer-to-peer (P2P) lending, crowdfunding becoming a viable alternative to traditional lending mechanisms, and the deployment of next generation analytics platforms. Fintech Market Development Opportunities The study findings uncovered that, in the absence of credit checking bureaus in emerging markets, a credi...
TMT Market Research and Analysis