WASHINGTON, May 09, 2022 (GLOBE NEWSWIRE) — Financial technology is one of the most widespread terms used for research in finance industry in present time. Financial Technology (FinTech) is the use of modern innovative technology in the field of finance. It is basically used for innovative and disruptive technology for providing the financial services. Fintech catered to need of more security for the investors by providing innovative and secured financial services. The other reason for the emergence of Fintech could be attributed to the need for the financial services at more affordable cost which provides mobility and faster pace. Owing to these factors in acceptance, fintech domain is gaining huge importance on a global market, states Vantage Market Research, in a report, titled “Fintech Market Size, Share & Trends Analysis Report by Deployment Mode (On-premise, Cloud), by Application (Payment & Fund Transfer, Loans, Insurance & Personal Finance, Wealth Management), by Technology (Application Programming Interface (API), Artificial Intelligence (AI), Blockchain, Robotic Process Automation), by End User (Banking, Insurance, Securities, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
The market size stood at USD 112.5 Billion in the year 2021. The Global Fintech Market size is expected to reach USD 332.5 Billion by the year 2028, and is expected to…
