

And despite the massive growth we've seen in fintech, there is still an incredible opportunity ahead for fintech firms of all sizes. The fintech industry is evolving rapidly. Companies such as PayPal Holdings ( NASDAQ:PYPL), Mastercard ( NYSE:MA), and Square ( NYSE:SQ) have worked on solutions to help meet this need. And by the time you read this, the number will have likely shrunk even further. In 2017, the World Bank reported there were still 1.7 billion unbanked adults across the globe - a large number to be sure, but far less than the 2.7 billion in 2011. For example, fintech innovations is at least partly responsible for the shrinking number of people who are unbanked or underbanked, defined as adults without access to basic financial services such as a bank account and means of payment beyond cash. One reason fintech is important is that it democratizes financial services, making it cheaper and more convenient than ever for the average person to perform basic financial tasks.
#Fidelity growth fund capital gain 2017 software


In this article we'll discuss what financial technology is, how it is applied, and where we see fintech going in the future, and we'll tell you about some of the fintech stocks you should put on your radar. Follow him on Twitter to keep up with his latest work!įollow are few growth trends more exciting and more potentially transformative than financial technology, or fintech for short. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012.
