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The Future of Fintech Adoption: Risks and Rewards

This free E-book by our portfolio company Ultiro dissects the current state of fintech adoption, trends and winning cases, as well as underlying risks and rewards.

Photo by Jonas Leupe


From crowdfunding, crypto-assets and stock-trading apps, Fintech is now a pillar in the innovation economy. Skyrocketing private venture capital and the share of investments into it has moved it from its back-office support function and into the limelight. Super-apps, such as WeChat with 1 billion active users, including embedded financial services, and e-payment systems, such as East African M-Pesa, has undermined our traditional view of finance and Western-regulated jurisdictions. The expansion of capital access has given opportunities to sectors of the economy and to disadvantaged groups, such as small business owners and minorities, that weren’t easily accessible to them before.


However, the uncertainty from the Covid-19 crisis undermining economies makes growth projection even more difficult. According to Harvard Business Review, the epidemic and the resulting economic impact, rapid policy changes, and erosion in the reliability of economic data makes it challenging to generate accurate predictions for the global economy. Fintech’s positive impact on the startup scene may be a short-lived hype or a reality fueling growth over a longer period of time.

By 2022 the value of the financial services market will be $26.5 trillion, according to recent projections by Market Screener. During the forecasted period the growth rate will be around 6%.

CBInsights states that in Q2’19 there were 48 fintech unicorns with a combined worth of $187 billion backed by venture capital. Private financing rather than going public has been a preferred option, increasing valuations in Q2’19.


By 2021, retail banking services via smartphones, tablets, PCs and smartwatches will be accessible to a market of 3 billions users, according to the Fintech analysts at Juniper Research. EY claims that in 2019 Fintech services adoption rate among consumers was at 64%, up from 16% in 2015. In both developed and developing countries, 96% of consumers interviewed were aware of at least one Fintech service available for money transfers and payments.


In 2017, PWC reports that Fintech innovators seizing revenue from traditional financial companies were a cause for concern for 88% of those companies interviewed. A more proactive stance is being taken, although, with 82% of banks, investment managers and insurers claiming that Fintech partnerships would be taken in the next 3-5 years. These


Overview. What’s inside the guide:

  • Current State of Fintech Adoption by Enterprise Businesses

  • Fintech Trends

  • Why Invest in Fintech Innovation?

  • Winning Use Cases and the Sources of Value for Business

  • The Risks of Fintech Adoption and Projects

  • How to Build the Right Fintech Innovation Process

  • Future Predictions

Get your copy of the E-book by following the link below to read more.

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