FINTECH SECTOR

MEASUREMENTS

• Fintech software development has taken an entry into the traditional financial market, especially bank and we have seen it acting as a disintermediating factor.

• However, in 2018 we are seeing that it is no longer the bank alone.

• A number of other financial domains like lending, equity or trading is also ready to invest largely in the fintech software development.

• As more and more investment flows into the world of fintech, they will turn more mainstream with time.

• Their market share is soon to rise and many have soon become household names like Mint.com or NerdWallet.

• Some businesses which are likely to invest in creating a finance app for auxiliary financial services includes – Money Transfer – Fintech application development is common in this sector.

• Companies such as TransferWise, Western Union, TransferGo have sprung up to offer peer-to-peer money transfers based on the mid-market value.

• Mobile Payments and eWallets – This fintech software development saw a steep growth and thanks to all online applications from Uber to Amazon