The report below gives a good overview of the Summer 2022 M&A activity in the Financial Services/Fintech Industry Sector. The global financial services market is expected to grow at a CAGR of 10.8% from $23.3 trillion in 2021 to $25.8 trillion in 2022, as per report published by Report Linker. The market is estimated to increase at a CAGR of 9.6%, to reach $37.3 trillion by 2026, as per the same report. Even though the economic conditions are a lot riskier and uncertain due to macroeconomic uncertainties, financial services market is expected to be resilient and in a better position to absorb the economic shock and policy transmission. The financial services industry is undergoing a significant technological and digital transition to meet the evolving client expectations. The quick uptake of Europay, MasterCard, and Visa ("EMV") technology in the payments sector is one such instance. EMV technology provides a higher level of data security as compared to traditional magnetic stripe cards. The digital and technological adaption in the financial services industry is expected to drastically reshape and create new avenues in the future.
Posted by David Sinyard.