Financial Technology Market is estimated to be US$ 224.9 billion by 2030 with a CAGR of 8.6% during the forecast period

The Financial Technology Market accounted for US$ 98.7 billion in 2020 and is estimated to be US$ 224.9 billion by 2030 and is anticipated to register a CAGR of 8.6%. The digitization of financial services traditionally offered by banks, credit card firms, credit unions, investment banking, and other enterprises in the finance industry is known as FinTech. From personal to corporate finance management, Financial Technology has a wide range of applications. Private enterprises can compete with traditional financial services – such as those given by major U.S. banks – by focusing on distinct sections of the financial sector and using FinTech software solutions and specialized, high-quality tools. FinTech makes financial management much easier, allowing individuals to better manage their finances. FinTech solutions allow customers to streamline their money management rather than struggling through onerous spreadsheets and paper receipts, saving time and preventing user errors.

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