Fintech platform: Revenues to reach US$638 bn by 2024

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Fintech platform: Revenues to reach US$638 bn by 2024

fintech platforms: Generated revenues to reach US$638 billion by 2024

  • The revenue driven by increasing consumer acceptance of fintech-powered solutions, according to a newly published research
  • The Juniper Research report found that machine learning, Big Data analytics and blockchain would be the cornerstone of fintech platforms
  • They would make new use cases mainstream, including smart contracts, loan underwriting using AI to analyse non-traditional data source
  • According to the Juniper research, in light of rising customer acceptance of digital platforms for financial services, traditional players are responding rapidly
  • The research argued that incumbents would use these strategies to appeal to users outside their normal target audience, such as millennials