Fintech may still make up only a small slice—just 3%—of global banking and insurance revenue, but its impact is growing fast. A recent QED–BCG Global Fintech Report reveals that fintech revenues rose 21% year-on-year, outperforming the broader financial services sector, which grew just 6%. Public fintechs also saw better profitability, with 69% now in the black—up from less than half the previous year.
In an data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/regulators-realising-fintechs-are-here-to-stay-qeds-nigel-morris/articleshow/121554041.cms” data-type=”tilCustomLink” target=”_blank”>exclusive interview with ET, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/qed-investors” target=”_blank”>QED Investors cofounder ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nigel-morris” target=”_blank”>Nigel Morris said, “Regulators are now internalising that fintech is here to…
