F-Prime - State of Fintech 2023

The State of Fintech report provides a comprehensive overview of the current state and future prospects of the fintech industry. One of the key findings of the report is that fintech companies have captured less than 10% of US industry revenue, indicating significant room for growth . The report also highlights that the public market is starting to differentiate between tech-enabled versions of existing financial institutions and truly disruptive approaches to financial services . While some fast-growing neo-banks, lenders, and wealth management firms have the potential to rival incumbents over time, embedded fintech business models are expected to be the most disruptive in the industry . Additionally, payments are making inroads in capturing financial services revenue . The report also provides vertical-specific benchmarks to evaluate diverse fintech business models. This allows readers to gain a deeper understanding of the growth and revenue of fintech companies in different sectors. Furthermore, the report highlights the importance of regulatory compliance and the need for fintech companies to navigate complex regulatory environments. Overall, the State of Fintech report is a must-read for anyone interested in the future of the fintech industry. It provides valuable insights and trends that can help businesses and investors make informed decisions.