18 Fintech Sectors to Follow in 2024 as the "Journey Continues"
FT Partners granular look at the industry is a show-stopper!
FT Partners provides the best and most granular look at the fintech industry I’ve seen in a real page-turner report!
I can't be the only one who finds the entire genre of fintech trends reports a bit overdone and frankly boring. Most add little other than unsubstantiated guesses about "the next big thing."
This report by FT Partners breaks the mold by covering eighteen separate industries and backs their predictions with solid research and lists of sector leaders.
👉TAKEAWAYS
The 18 Fintech Trends to Follow
Real-time Payments Is Here, Page 10
Restaurant Technology is Becoming Table Stakes, Page 13
The Shift to InsurTech 2.0, Page 15
Better Healthcare & Benefits Experience, Page 18
Global Digitization of B2B Payments, Page 20
Financial APIs & Payroll Data Connectivity for SMBs, Page 22
Investors Continuing to Favor B2B Over B2C, Page 24
Blending of FinTech & E-Commerce, Page 26
Acceleration of Embed FinTech Solutions, Page 28
Re-bundling of FinTech Services – SMB & Consumer, Page 30
PFM Isn’t Dead, Page 33
Rewiring Capital Markets, Page 35
Next-Gen WealthTech Advisory Solutions, Page 39
FinTech Focused on Retirement Savings, Page 41
The Endurance of Crypto, Page 43
Expansion of Emerging Market FinTech Page 46
Verifying Digital Identity Only Becoming More Critical, Page 52
Digitizing & Automating the Office of the CFO, Page 54
The number one trend in the report is Real-Time Payments, showing how they are the glue binding fintech together.
👊STRAIGHT TALK👊
We all hope that 2024 will be a better year for fintech than 2023!
To show how bad 2023 was, “global fintech deal activity” for 2023 was down some 70% from its peak in 2021!
Regular readers will know that I am not always the optimist, but in this case, I see that despite the bubble bursting, there is much more work for fintech to do to modernize our financial system.
The days of easy money may be over, but there is a clear need for fintech services. The problem is that the days of the fintech startup are dead and dying.
Fintech is now clearly the domain of large incumbents as much as smaller, more agile innovators.
The days of the small company with a big dream striking it rich in fintech are coming rapidly to a close.
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