Top 20 Fintech Solutions Companies - 2022
The fintech space is transforming at a breakneck speed as the adoption of digital financial services grows rapidly. Fintech is now the world's most funded category, accounting for 20 percent of all capital invested globally. According to Market Data Forecast, the global financial technology market is predicted to grow at a CAGR of around 25.18 percent, reaching a market size of approximately $324 billion by 2026.
This unprecedented growth can be attributed to the increasing adoption of innovative, cutting-edge technology in the financial sector, the need for secure digital transactions and efficient risk management to avoid financial frauds and cyberattacks, and the compliance requirements of new banking and finance regulations.
This edition of CIOReview brings to light the key developments in the fintech space and how financial institutions are leveraging the latest tech solutions to streamline their digital financial services. It features thought leadership articles from Fraser Collins, Group Head of Commercial Finance, International Personal Finance (IPF) and Paul Knodel, CEO and Managing Director, Raisin US Inc. They speak about the need for digitizing business operations in response to changing consumer behaviour toward financial services and the importance of implementing embedded banking by financial institutions to retain deposits in a burgeoning savings market.
Along with that, the edition features an innovative payment orchestration platform from CellPoint Digital, which empowers merchants to seamlessly manage the addition of digital sales channels, unify the fragmented payment ecosystem, and integrate them with legacy core systems to deliver powerful digital payment capabilities to customers. The edition also features Dytrix, a leading financial technology company that facilitates secure financial transactions through its platform for wire/ACH transfer validation and closing agent management in the mortgage lending and real estate industry.
In this edition featuring top fintech solution providers, we hope you find the appropriate company suited to the needs of your digital finance operations.