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InsurTech has been FinTech’s important jargon and has been deliberate in picking up the pace in terms of business nascent. But the latest trends show that Insurtech is quickly evolving with the rising numbers in deal counts and huge markets in the Oriental region. The Asian market has become sweet spot for investors and disruptors alike. It is estimated that Asia Pacific will have 42% of global insurance premiums. Of the Asian countries, China will
Fintech
China’s financial services and banking ecosystem is vividly changing ever since its development in the FinTech field. McKinsey & Co partner Joe Ngai said, “Chinese FinTech companies have been expanding overseas.” Ant Financial, Alibaba’s digital commerce division started its operation in China back in 2016. They were recently quoted saying that its business development strategy will be largely on par with globalization benefits. The mobile payment service called Alipay under the Alibaba Company already has
Fintech
FinTech products are receiving high demand in Middle East’s banking sector. According to recent reports, a total 82% of the banking customers are interested in using FinTech products for their banking purposes. However, there are no signs yet of integration of lender products into the network. Deloitte conducted a study in the Middle East region and found that 18% are unwilling to use FinTech products, security and privacy being the main concern for this fraction.
Fintech
FinTech has undoubtedly fuelled acquisition and expansion in the global business arcade. The undisputed leader in the FinTech market continues to be Europe followed by Asia. Chances are high that investors become more selective while investing in FinTech in 2020. It seems that the investors are carrying out a highly scrutinized approach towards financial estimates and governance policies while eyeing constantly at exits from investing in FinTech business. 2020 will witness the FinTech mergers by
Fintech
In the field of International Finance, FinTech has become the crux. The harmony between Finance and Technology integrally termed as FinTech is becoming the very factor of metamorphosing people’s regular way of dealing with money transactions, which is irrefutably a positive approach. From crowdfunding, to cryptocurrency exchanges, to even online transactions are all the resultant permutation of the coup d’état called FinTech. In order to expound the fact that FinTech start ups are facing a
Fintech