Market Research Report
European Fintech Market Outlook, 2018
|Published by||Frost & Sullivan||Product code||625883|
|Published||Content info||66 Pages
Delivery time: 1-2 business days
|European Fintech Market Outlook, 2018|
|Published: April 5, 2018||Content info: 66 Pages||
Impact of Emerging Technologies will Encourage New Business Models in European FinTech
FinTech in Europe is evolving rapidly and 2017 has been an eventful year for the industry. Some of the areas within FinTech that witnessed significant growth during 2017 include Banking-as-a-Service (BaaS), PayTech, InsurTech, RegTech, and Biometrics. The technology trends that have also significantly impacted the industry include cloud, Internet of Things (IoT), and machine learning. Frost & Sullivan has covered all these different areas and technologies as a part of its continuous, focused research on FinTech.
The objective of this study is to identify FinTech trends during 2018. With a lot of focus on regulations as a result of the Revised Payment Service Directive (PSD2) and General Data Protection Regulation (GDPR), many companies in the financial services industry are struggling to meet the deadlines and guidelines. In addition, the challenges of meeting consumer demands, offering technology-enabled innovative products and services, and meeting other stringent rules and regulations inherent to the financial services industry are leading to rapid developments. As technology has lowered entry barriers and as developments continue, emerging technologies are further expected to impact the solutions and capabilities significantly. This study will cover:
The study also includes brief company profiles of start-ups that Frost & Sullivan expects will be trendsetters in the respective segments.
As the FinTech industry forges ahead despite cryptocurrency volatility, data breaches, stricter regulations, impact of Brexit, and other challenges, the industry is set for rapid growth this year as well. The interest of governments, regulators, investors, and academia will drive developments, innovations, and disruptions. There will be more transformative products, services, and business models, as segments like payments, banking, and insurance expand to accommodate new industry participants. Technologies such as AI, ML, analytics, and Blockchain are constantly evolving and new solutions based on these technologies are gaining prominence. Some of the areas that are likely to witness significant developments include security solutions, behavioural analytics, and natural language understanding based applications.