Emerging technology in fintech refers to the integration of innovative digital solutions—such as artificial intelligence (AI), blockchain, cloud computing, and big data analytics—within the financial services sector. These technologies are transforming how financial products and services are delivered, making them more efficient, secure, and accessible to a wider customer base.
Fintech players leverage these advancements to improve customer experiences, streamline operations, and launch new offerings in areas like digital payments, lending, wealth management, insurance, and digital currencies. As consumer expectations shift toward real-time, mobile-first financial solutions, fintech technologies are at the forefront of reshaping how people and businesses engage with finance.
According to BIS Research, the global emerging technology in fintech market was valued at $231.30 billion in 2023 and is projected to surge to $2,830.76 billion by 2034, growing at a remarkable CAGR of 24.41% from 2024 to 2034. This growth underscores fintech's critical role in driving digital transformation, enhancing financial inclusion, and providing secure, seamless financial services globally.
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Key Drivers:
• Accelerated adoption of digital payments, mobile banking, and AI-powered services
• Continuous advancements in blockchain technology enabling secure and transparent transactions
• Rising need for financial inclusion in underbanked and emerging markets
• Favorable regulatory environments supporting digital finance innovation
• Strategic partnerships between fintech startups and traditional financial institutions
Key Challenges:
• High costs and complexity of integrating new technologies with legacy banking systems
• Regulatory hurdles and rising compliance burdens, especially around AML, KYC, data privacy, and ESG reporting
• Security and reliability concerns in rapidly evolving tech environments
• Difficulties in scaling AI and blockchain solutions for global financial services
• February 2025: FIS launched its Revenue Insight solution to revolutionize accounts receivable management through analytics and automation.
• October 2024: Stripe, Inc. acquired Bridge for $1.1 billion, strengthening its crypto payments capabilities and broadening global reach.
• January 2025: Adyen introduced an AI-driven payment suite to optimize transaction efficiency and security for merchants.
By Application
• Lending
• Payments
• Wealth Management
• Insurance
• Others
Payments to Dominate:
The payments segment is set to lead by application through 2034, driven by the proliferation of mobile wallets, contactless payments, and advanced payment security. Expanding e-commerce, cross-border transactions, and efforts toward financial inclusion are major contributors.
By Technology
• Artificial Intelligence (AI)
• Blockchain
• Cloud and Edge Computing
• Cybersecurity
• Quantum Computing
By Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World
According to Principal Analyst at BIS Research:
“The emerging technology in fintech market is set to witness substantial growth as it continues to drive digital transformation across financial services. With advancements in AI, blockchain, and cloud computing, fintech solutions are enhancing operational efficiency, improving security, and providing more personalized services. The growing demand for seamless, real-time financial transactions and financial inclusion has been further accelerating this growth, creating new opportunities for both startups and traditional financial institutions.”
What is the expected growth outlook?
The fintech market is expected to expand at a CAGR of 24.41% from 2024 to 2034, reaching $2,830.76 billion by 2034. Growth will be driven by the adoption of digital payments, AI, blockchain, and financial inclusion initiatives.
Who are the key leaders in this market?
Major players include PayPal, Ant Group CO., Ltd., Stripe, Inc., Visa, Block, Inc., FIS, Adyen, Finastra, Mastercard, Revolut Ltd, Robinhood, Goldman Sachs, N26 SE, Zelle, and Chime Financial, Inc.
Which technologies are most in demand?
AI and blockchain lead fintech transformation, with cloud computing, cybersecurity, and digital payments technologies experiencing rapid uptake across global markets.
Want to Make Data-Backed Moves in the Fintech Market?
According to BIS Research, the fintech sector will continue to reshape financial services by enabling efficient, secure, and inclusive solutions. BIS Research provides expert-driven insights, detailed segmentation, and strategic advisory to help businesses stay ahead in a rapidly evolving landscape.
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