SEATTLE, May 2, 2016 /PRNewswire/ -- The world would still be using physical money to pay for goods and services if it wasn't for the constantly evolving financial technology industry. FinTech - computer systems, software and apps - are what keep the economy moving. Whether it's digital payment processing, bank transfers, or trading on the markets, without FinTech everything would grind to a halt.
One area that has seen massive growth in recent years is mobile banking and payment processing. People want access to their finances on the go and have the ability to make transactions easily and securely from their devices. The rise of Bitcoin and its underlying blockchain technology is also redefining the whole concept of transferring money by introducing peer to peer.
According to a new infographic from DealSunny.com, financial technology is a 25.8 billion dollar industry, with $49.7 billion invested between 2010 and 2015. In just one year between 2013 and 2014 invested grew by a staggering 400 percent!
This rapid growth mirrors technology as a whole. As things get easier innovation speeds up at an exponential rate. Consumers adopt FinTech solutions because it makes their lives easier, they get access to more financial products and services, rates and fees are lower, and functionality is much broader.
To learn more about how FinTech is digitally disrupting the financial world, where the investment is going, the latest trends, and what to expect from the future. Check out the fully infographic from DealSunny.
Harsha Kiran, Marketing Director
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