digest | Global fin-tech investment is accelerating
January 1, 2020
— story —
Here is a recent table showing the tremendous increase world-wide in fin-tech investment.
Experts explain that this level of accelerated investment represents a major change in the way banking + financial services are: created, managed, and supported.
Traditional, incumbent companies feel the pressing urgency to keep-up with the fin-tech trends. Or they’ll be left behind as both business + retail customers move away from old-fashioned financial products — and into contemporary fin-tech services that are more affordable, inclusive, and portable.
on the web | reading
publication: the Street
deck: What is fin-tech?
— summary —
Fin-tech uses + examples in year 2020. Today: the phrase “fin-tech” refers to innovations in the financial + tech cross-over space — and typically refers to companies or services that use tech to provide financial services to businesses or consumers.
— table —
table topic: global fin-tech investments
from: Accenture
from: CB Insights
$ • global investments — in fin-tech products + services | ||
---|---|---|
year | 2010 | $ 1.9 billion |
year | 2011 | $ 2.5 billion |
year | 2012 | $ 3.2 billion |
year | 2013 | $ 4.8 billion |
year | 2014 | $ 13.3 billion |
year | 2015 | $ 21.2 billion |
year | 2016 | $ 23.3 billion |
year | 2017 | $ 27.4 billion |
* CB Insights = historical name ChubbyBrain