FinTech: An Industry on the Rise

"At Strategic Asset Leasing we believe that the financial tech industry is making bold moves in the market essential to business and business development..."

  1. Fintech companies acquired $111.8 billion globally in investments in 2018. According to the latest fintech industry report, global investments amounted to $37.9 billion during the first half of 2019.

  2. In the next three to five years, 77% of incumbent financial institutions will increase their focus on internal innovations to boost customer retention.

  3. A huge chunk of incumbent financial institutions (88%) believe that part of their business will be lost to standalone fintech companies in the next five years.

  4. Fintech investment is expanding beyond the major markets, with 39% of deals in the industry made outside of traditional hubs like the U.S.A., the U.K., and China.

  5. The total transaction value of digital payments in 2019 was $4.1 trillion. In 2020, it is expected to reach nearly $4.8 trillion.

  6. Artificial intelligence will save the insurance industry nearly $1.3 billion by 2023.

  7. Insurance fintech companies raised more than $1.8 billion worth of investments in 2018.

  8. The combined assets under management of digital wealth-management companies that focus on retail are expected to reach $600 billion by 2022.

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