Fintech market offers a detailed analysis of the industry for the estimation period of 2019-2025. Fintech market reflects the market size, growth rate, market share, application, future trends. The market research of Fintech is absolute but covers all-pervasive points in brief which are significant and compatible for a customer of Fin-Tech industry.

With the lack of use of banking services, beyond the cases in which it is a legitimate personal option can mean the difference between being able to receive health, education or other basic services or not receiving them.

• It is predicted that about 15% of the workforce of the entire financial industry as a whole is engaged in ‘compliance tasks’.
• This percentage would end up increasing considerably due to the surge in the regulatory eagerness of institutions.
• If it were not for the growing number of ‘Regtech’ solutions that allow large financial institutions to implement technology instead of recruiting more employees for these tasks.
• Right from regulatory reports, compliance verifications, risk management, transaction monitoring to the ‘Know-Your-Customer’ (KYC) or ‘Anti-Money Laundering (AML) field, there exists already a whole plethora of startups and companies of all categories that offer technological solutions to reduce costs and times.
• Services that also offer a return on investment (ROI) that for large entities can occur in a matter of months from their adoption.

• Robotic Process Automation (RPA) is a software that manages repetitive human processes using the same application interface as a human but eliminating human inefficiencies.
• For instance, a robot could execute a data entry task using Microsoft Excel (or any other) and the company’s CRM Software.
• As with the Regtech software as been identified, they have a very early ROI (between only 3 and 8 months as it was concluded in the Fintech Symposium 2018) and this is why mass adoption is anticipated.
• RPA will help banks increase efficiency and eliminate wasted time especially when it comes to tedious and easily repeatable tasks.

• 64% of people prefer to send messages over calling or writing emails, 64% is more willing to buy or hire service if they have previously interacted with the brand and heed this and 80% is willing to do so.
• Artificial intelligence (the engine of all Conversational User Interfaces) is already mature enough for the Business to Customer (B2C) and satisfies the so-called liquid expectations accustomed to demand and enjoy products and services without the rigidity of yesteryear.

• If something is always demanded from advanced technology is that it has to break gaps and be as accessible as possible.
• The Fintech industry movers and shakers are fetching more and more people from all over the world to have access to banking services.
• Something that is not a serious problem in countries like Spain, but in others like the United Kingdom, where more than 1.5 million adults do not have any banking product, not even an account or card.
• With the lack of use of banking services, beyond the cases in which it is a legitimate personal option can mean the difference between being able to receive health, education or other basic services or not receiving them.

• In Sweden, only 1 % of transactions were made with cash in 2016. Some businesses refuse payment in cash point blank and more than half claim that they will decline to accept cash before 2025.
• Without going as far as this Nordic country, the European country with the highest volume of cashless payments is the United Kingdom.

• The advent of open banking termed to be the empowerment of the customer who is given full control of their data so that they can be shared between different companies has transformed everything and will continue to do so.
• According to the study conducted by Deloitte by 2019, some banks will have completely replaced their old legacy systems, while others are choosing for microservices and cloud applications on the other hand gradually reducing the dependability on previous systems.

If you would like to discuss your options for UK business visas for the fintech sector on the phone, then fill out your details in the form and we shall give you a call back! We can connect to you from any one of our offices in Mumbai, Delhi and Bengaluru.

We are organising a seminar for Fintech Industry in Mumbai and Delhi to portray additional information on the growth prospects of these sectors. Enrol now for a nominal fee as seats are limited.

For guidance on your application, write in your query at info@smartmove2uk.com. Being in the UK immigration environment more than 12 years, Immigration advisors at The SmartMove2UK [division of SmartMove Immigration] have adequate knowledge with more-than-adequate experience in UK migration assistance to guide you through your legal immigration cases, ensuring you do not miss out on anything crucial. You can connect with our associates at any one of our offices in Mumbai, Delhi and Bengaluru. You can also connect with us telephonically or through Skype for the same level of assistance.

If you want more info or updates on the latest change in the UK Dependent visa, you can contact our immigration expert’s on: