Statspeak: Four reasons why FinTech adoption remains on the rise

FinTech challengers are looking less like start-ups and more like professionally managed companies

Fintech start-ups
Representative image
Business Standard
1 min read Last Updated : Aug 28 2019 | 11:18 PM IST
EY’s Global FinTech Adoption Index 2019, the third edition of the biennial report, concludes that financial technologies or FinTech has evolved beyond its early stages as reflected in the previous findings in 2015 and 2017. 

It says that FinTech challengers are looking less like start-ups and more like professionally managed companies with broad operational capabilities, a full suite of products and a global reach. And consumer adoption has a lot to do with these changes. But what nudges the adopters and in what different ways are they using FinTech? This year’s survey has more than 27,000 consumers, both retail and SMEs, answering.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :FintechFinancial TechnologiesFintech firmsfintech companiesFintech sector

Next Story