Financial Services — Industry Insights, Data, and Solutions For Business Leaders

Fintech Projected to Become a $1.5 Trillion Industry by 2030 -- Boston Consulting Group

Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a new report released today by Boston Consulting Group (BCG) and QED Investors. The fintech sector, which currently holds a 2% share of the $12.5 trillion in global financial services revenue, is estimated to grow up to 7%, of which banking fintechs are expected to constitute almost 25% of all banking valuations worldwide by 2030.

Emerging MarketsStaff ReportsMay 3, 2023BCG, Fintech, Financial Services

Banks Should Adapt Lending Strategies to Account for Increasing Physical Risks of Climate Change, Finds Bain & Company and Jupiter Intelligence

A recent analysis of European banks found that just 18% have begun to integrate physical risks into their mortgage lending strategies. However, the vast majority of European banks are yet to incorporate physical risks into their strategy definition, monitoring processes, target setting, product offering, or client engagement.

Embedded Finance Transaction Value to More Than Double to $7 trillion in US by 2026, but Financial Institutions Must Move Quickly to Keep Up—Bain & Company and Bain Capital Report

Embedded finance, the integration of value-added financial services into software offerings, is set to redefine how consumers and businesses build and manage relationships with financial services, according to new research and analysis from Bain & Company and Bain Capital.

News RoundupStaff ReportsOctober 17, 2022Financial Sector, Financial Services, Fintech

The Role of Data Science in Prioritizing FinTech Market Entries

Data science is revolutionizing value generation and customer journeys in the fintech and financial services sector. It has emerged as a critical differentiator that enables companies to meet critical business objectives and complete time-sensitive processes—such as credit risk scoring and property value assessments—more efficiently and affordably.

The Future of Money is Digital for Traditional Banks, According to Everest Group Findings

Everest Group reports the year 2020 and Q1 2021 produced a seven-fold surge in retail and institutional investments in cryptocurrencies and related crypto assets, driven by increased investor demand, pandemic-fostered digitalization and clarity in regulatory tenets. The cryptocurrency market hovered around $2 trillion through April 2021 and is projected to reach $24 trillion by 2027. Traditional banks are realizing digital assets are the future of money.

Financial Services to Harness Machine Learning and Artificial Intelligence to Elevate Quality of Data-Driven Decisions -- KPMG LLP

The financial services sector is among the most mature users of enterprise systems in the economy. Established institutions often preside over generations of computing platforms that have evolved over the years to accommodate on-premises data centers, private-cloud and public-cloud infrastructures, according to executives at KPMG.