World Financial Services Industry Undergoes Evolutionary Stage, According to Mind Commerce Report Available at MarketPublishers.com29 Mar 2017 • by Natalie Aster
LONDON – Worldwide, the financial services industry is going through an important evolutionary phase driven by macroeconomic factors, reduction of government power in the industry, technological innovations, and consumer demands.
Financial technology, or FinTech, emerges both as a highly undermining challenge for both the most influential money management organisations as a game-changing opportunity for novel market entrants and currently established constituents in the marketplace. Blockchain technology is seen as a distributed ledger approach to authentication, settlement and clearing.
Both top incumbent banks and alternative financial services organisations are in different phases of development, testing, and roll-out of the technology to make improvements to versatile services and applications.
New market research study “Next Generation Financial Services: FinTech Innovation Blockchain and Solutions 2017 - 2022” created by Mind Commerce offers a granular, all-encompassing analysis of the marketplace.
The report provides a comparative assessment of the legacy financial system and emerging FinTech solutions comprising disruption, prospective advantages, and key challenges. It sheds light on the ever-developing FinTech ecosystem and covers start-up organisations, banks, investment firms, insurers, and non-financial institutions. The publication also takes a deep look at the technology, dominant companies, and solutions in the evolving Blockchain universe. It evaluates present-day and expected use cases for Blockchain and analyses the market potential on a global scale and region-wise with granular forecasts through to 2022.
More new all-round market research studies by this publisher are available at its page.