The value of an investment for the fintech industry in 2020 will continuously increase globally despite the geopolitical instability taking place in a number of countries and regions.
In 2019, the global fintech ecosystem continues to thrive. With new developments coming up, many great opportunities open up as some legislation becomes clearer, or open data opportunities are more centralized. In addition, fintech startups are also appearing more, focusing on technology such as AO, blockchain and cryptocurrency. 2020 continues to be a big winning year for fintech.
Transactions are increasing continuously as more investors and funds give preference to fintech. Speculative transactions in the past will be gradually replaced by highly convincing ones. More deals happen, most of them are for companies with well-defined and proven business models that have a clear business strategy that leads to profit or access to capabilities in areas. of adjacent concern.
Many neobank, fintech, and big competitors choose to expand the scope of service provision. In addition to the areas of focus as initially, they have shifted towards investing in additional services such as telecommunications and energy.
Many information technology transactions are increasingly covered more and more widely, in legal areas outside the traditional fintech market. Examples include Southeast Asia, Latin America and Africa.
Information technology giants like Alibaba, Apple, Alphabet or Tencent are stepping up, focusing more on the fintech space. They constantly increase their reach, expand their market share to the developing market. Through their strategic alliance partners, the giants continue to invest in fintech to increase commercial value and seamlessly integrate the ecosystem with their customers.
Following leading countries such as Singapore, Hong Kong (SAR) and Australia, many countries in Asia and the Pacific began to thrive on neobank and fully utilize technical banking licenses. to stimulate competition and provide new products and services to many different segments.
Many fintech giants choose to invest in other emerging fintech companies. For them, this is the fastest way to improve capacity, access talent and expand market share to new markets.
With interconnection, the extended partnership will continue to accelerate among fintech and large technology, fintech companies and traditional companies or fintech together. Partnership expansion is highly valued when service and customer values are enhanced and dominate the industry faster.
Although it goes beyond banking control and broadens the industry into financial services, a focus on open data opportunities will help address common pitfalls in sectors. new sectors such as telecommunications, energy.
As users increasingly find solutions to their digital lives, the grouping of financial products begins again. Users need to find a reliable, multitasking financial platform to mediate their financial affairs.
Fintech has always focused on cybersecurity. This really attracts traditional financial institutions to gradually move to build a new service space.