The Tendencies in the Development of Fintech Services in Both the Global and the National Financial Services Markets

• Main Authors: Semenog Andrii Yu., Tsyrulyk Serhii V.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-10-01
• Series: Bìznes Inform
• Subjects: Fintech services; Fintech communities; Fintech companies; financial technologies; financial services market; crowdfunding; payment services
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-10_0-pages-327_334.pdf

The article is aimed at defining and analyzing the general status, role, value and tendencies in the development of Fintech services in both the global and national financial services markets. According to the findings of the carried out analysis, an active increase in the number of Fintech companies in the world is identified, which is ensured by a high level of investment, especially in the sphere of remittances, payments, savings, investments, and crediting. The composition and structure of the Fintech industry in Ukraine are presented, the main directions of which are payment services, mobile purses, retail banking, credits and financing, crowdfunding. It is proved that the tendency of development of Fintech in Ukraine is caused by growth of number of Internet users and a degree of Internet connectivity, growth of number of active users of smartphones, computers and tablets, development of e-commerce, including mobile.