Fintech industry in the UK to grow at 18.3% till 2023

reogma|Fintech industry in the UK to grow at 18.3% till 2023

The rapid growth of FinTech in recent years in the UK has sparked change across the financial sector. As fintech continues to challenge the traditional players in the industry, they also provide opportunities to collaborate. Within the UK, technology-led business models are evolving everywhere and creating new value propositions for the customers.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

The term FinTech is abbreviation for ‘Financial Technology’, which is the main concept of the structural change and digitalization within the financial services industry.

The overall financial services is understood from a digital market and technology perspective; digital infrastructures are established which creates new procedures in several areas of financial services such as lending, wealth management, insurance, payments among others. 

The features of the digitization process of these financial services include:

  • Convenience of use and simplified access via mobile apps, an increase in the processing speed of automated processes, reduction in costs, a stronger focus on customer service, more convenience, higher transparency and the exploitation of network effects.
  • The FinTech market landscape comprises of rapidly growing number of startups and businesses without bank licenses or are also known as non-banks. FinTech start-ups tend to focus on selected parts of the financial value chain and try to unbundle traditional bank business models. Some of the basic segmentation or business models of the Fintech include: agency commissions via meta search engines, business-to-business payments, API management, agencies and external credit scoring, crypto currencies (including Bitcoin) and complementary services such as online identification or account management.


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The rapid growth of FinTech in recent years in the UK has sparked change across the financial sector. As fintech continues to challenge the traditional players in the industry, they also provide opportunities to collaborate. Within the UK, technology-led business models are evolving everywhere and creating new value propositions for […]
reogma|Fintech industry in the UK to grow at 18.3% till 2023reogma|Fintech industry in the UK to grow at 18.3% till 2023

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