首页|The future of fintech - Towards ubiquitous financial services
The future of fintech - Towards ubiquitous financial services
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Springer Nature
Fintech has transformed the financial industry for almost15 years now. Although banks and insurance companieshave a long tradition of applying information technology(IT), fintech was a wake-up call. From this perspective,financial (information) technologies may be conceived asan evolution as well as a revolution since the impact of thefintech movement was profound. The latter becomes visiblein the rise of an entirely new fintech industry sectorsince the 2010s. Following a recent report, the worldwidevalue of investments in fintech companies grew substantiallyfrom 9 billion USD in 2010 to 247.2 billion USD in 2021.Although momentum stalled in 2020 when investmentsdropped below 140 billion USD in 2020 and to 209.3 billionUSD in 2022, investments were still estimated at 52.4 billionUSD in the first half of 2023 (Statista, 2023b). This activityis also reflected in the number of fintech startup businessesworldwide. As of May 2023, BCG reported a totalof 11,651 fintech startups in the Americas (up from 5686 in2018), making it the region with the most fintech startupsglobally. In comparison, there were 9681 fintech startups inthe EMEA region (up from 3581 in 2018) and 5061 in theAsia Pacific region (up from 2864 in 2018) (Statista, 2023a).It may be expected that, in view of intensified competitionbetween fintech (startup) companies and between fintechcompanies and incumbents, the number of fintech companieswill decrease in the long run. Nevertheless, a brightfuture may be expected for fintech since aspects of financialtechnology are ubiquitous in economic life, as argued in thepresent preface of this third special issue of Electronic Marketson the fintech topic.
Rainer Alt、Gilbert Fridgen、Younghoon Chang
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Leipzig University, Leipzig, Germany
University of Luxembourg, Esch‑Sur‑Alzette, Luxembourg
University of Nottingham Ningbo China, Ningbo, China
NETL
NSTL
Springer Nature
