Financial Technology, also known as FinTech, is considered as a potential key to the global ascendancy of finance and the digital economy is a new driving force in the sustainable development and high-quality growth of the global's economy.
Financial Technology, also known as FinTech, is considered as a potential key to the global ascendancy of finance and the digital economy is a new driving force in the sustainable development and high-quality growth of the global's economy.
FinTech applications are often associated with something we use out of necessity, not because we like them. Their main task is to help with payments, finance management, or taking out loans. For many years, the use of the services of banks or financial instruments has been moving to the online world, which means that the services themselves are refined and there are many innovations.
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The term FinTech has become quite distinctive recently. Many people come across it in the information space, and even more use FinTech solutions in their daily activities. The importance of technological services for the industry is quite significant because it is thanks to FinTech, the finance industry is often associated with innovation.
Nowadays, we are witnessing a dynamically changing FinTech industry. This is evidenced by the frequent appearance and use of new, emerging technologies in the financial sector. According to the Global FinTech Market Report, by 2025, it is estimated to reach a size of around $305 billion with an average annual growth rate of about 20%.
Thousands of new businesses pop up every year, and being a unicorn is the dream of millions of entrepreneurs. What does a unicorn mean in business? A Unicorn is a privately-held startup company with a valuation of $1 billion or more. They are called unicorns as being so rare launches them into almost a mythical category. The term was introduced in 2013 by Alien Lee, the venture capital investor.
Consumption habits have evolved as a result of the introduction of new financial technologies that have affected the banking sector. Despite this, traditional banks try to be competitive in this area and meet all the demand.
When I first started analyzing the financial industry a few years ago, FinTech was often seen as a niche add-on or a “disruptor” on the margins of banking. In 2025, I can say with confidence: FinTech is shaping the future of finance itself.
According to QED Investors and BCG, the industry is growing at more than 20% annually, and nearly 70% of publicly listed FinTechs are already profitable. Mobile payments, AI-driven services and open banking regulations are not just complementing banks - they’re reshaping the global financial ecosystem.
The term "FinTech" refers to any technological innovation in the financial sector, including those designed for the back-end of established financial institutions as well as disruptive technologies developed by upstart companies or individuals.
FinTech stands for financial technology, which is reshaping how conventional financial institutions conduct business and helping to provide better banking and financial services.
FinTech or financial technology, is an example of the application of new technologies to improve and automate traditional financial services. The financial technology industry is growing at a rapid pace thanks to development and is quickly becoming a force to be reckoned with in the financial sector. In this article, we will discuss the benefits that FinTech development has brought to many companies as well as individual customers.
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