Fintech Now

How Big is the Fintech Industry


While insurtech is quickly becoming its own industry, it still falls under the umbrella of fintech. Insurance is a somewhat slow adopter of technology, and many fintech startups are partnering with traditional insurance companies to help automate processes and expand coverage. From mobile car insurance to wearables for health insurance, the industry is staring down tons of innovation. Some insurtech companies to keep an eye on include Oscar Health, Root Insurance and PolicyGenius.


Above all the Fintech growth has caused an explosion in the number of investing and savings apps in recent years. More than ever, the barriers to investing are being broken down by companies like Robinhood, Stash and Acorns. While these apps differ in approach, each uses a combination of savings and easy, small-dollar investing to introduce consumers to the markets.


Running parallel to fintech is the fast-growing fintech blockchain-related solutions. Blockchain solutions are increasingly powering financial services and foundation complimentary applications in which all three can work together to deliver new kinds of ID, provenance, payments, proof of funds, and decentralised / distributed more efficient secure financial services.


Cryptocurrencies are now a big part of the fintech ecosystem. Crypto went from being a menace to the financial systems to being part of the financial industry. The crypto or so-called digital currencies have brought major innovative fintech solutions Cryptocurrencies are creating new ways to create ecosystems, funding, payments and major smart contracts innovation. These new solutions are now reaching from central banks to digital assets of the world financial institutions.


AI and machine learning are now at the center of the Fintech industry. Being able to measure and predict where markets are headed is the Holy Grail of financial trading and investing. With increasingly trillions and billions of dollars on the global capital markets transacted every day and minute, AI machine learning plays an increasingly important role in fintech growth. The power of this AI subset lies in its ability to run massive amounts of capital markets data through algorithms designed to spot trends and risks. Most of the global trading and investing industry is digitised and using fintech AI-driven solutions.


1. Fintech = society ID, banking – payment – finance services
2. Blockchain and AI become part of all financial operations
3. Financial & personal advisors AI chatbots become norm
4. Major tech players become banking fintech players
5. CBDC Central Banks Digital Currencies becomes norm
6. AI Robo-advisors, traders take over wealth management and stock trading
7. ID Reward financial empowerment transaction models will replace old financial banking models

“In each revolution, we create a brand new way of trading, transacting and storing value — but we don’t get rid of the old ones.
So, 5,000 years ago, we invented money; we still have money.
Three hundred years ago we invented banks; we’ll still have banks. But in this revolution, the digital revolution, seven billion people on this planet can get access to real-time trade.
And that means that there’s a new way of thinking about how we’ll create this Internet of value, and what it’s going to look like longer term.”
Chris Skinner

Finance + Tech Now are 360 in our lives and are about creating & keeping value – special serving people society customer needs & expectations. Fintech solutions are at the core of our society value money building transactions – organisations.

Fintech Now!