Blockchain technology The emergence of fintech will continue to offer transformative benefits for businesses throughout a wide range of industries in 2024 and beyond, and its impact will be comprehensive as the technological landscape continues to grow. With the global fintech market size projected to grow to $882.3 billion by 2030 at a CAGR of 17%, it’s clear that the evolution of the financial technology landscape will help to complement the digital transformation efforts of businesses across a range of sectors. Digital transformation stemming from the fintech landscape carries a diverse range of benefits for businesses. Ranging from marketing innovation to payment diversification, there are plenty of opportunities for companies to capitalise on. With this in mind, let’s explore five fintech innovations that are driving transformative change: 1. Embracing the Open Finance Revolution Open finance represents the evolution of open banking into a space where all financial data between banks and just about any other trusted third party can be seamlessly shared through application programming interfaces (APIs). Through the democratisation of this data, open finance paves the way for a frictionless landscape for any business that accepts consumer payments or works with the financial data of its users. Open […]
Meet The 5 Fintech Innovations Driving Digital Transformation in Business
You may also like...
