FutureMatters – State of Global Fintech

In 2023, the FinTech industry experienced a period of rebalancing marked by reduced investment, lower valuations, and major layoffs. However, this shift does not signify the end of growth but rather a necessary correction to refocus on sustainable growth and profitability. The report highlights the enduring strength of the financial services market and the innovative solutions offered by FinTech. Key trends for 2024 include the continued momentum for digital assets, the growing adoption of AI in financial services, and early advancements in quantum computing. The spotlight is also on Japan, where despite a strong economy and stock market performance in 2023, the FinTech ecosystem remains underdeveloped. With the current Government's increased policy focus on innovation and start-ups, Japan is poised for growth, with global players recognizing its rising potential.