CNBC, a top media and market analysis company, will be ranking the top fintech companies in the world. This will be named in a CNBC study that will be released in August thanks to a collaboration between CNBC and the independent research organization Statista. Nominations are however ongoing.
The study will identify fintech, which includes established companies in the payments and digital banking industries as well as up-and-coming figures in cutting-edge industries like cryptocurrencies, that are upending the financial industry’s behemoths with services that are quicker, less expensive, and more accessible.
The fintech industry suffered in 2022. Some of the most highly valued businesses in the world saw their valuations reduced as investors reevaluated the industry in light of rising interest rates, rising living expenses, and the possibility of greater regulation.
But innovation is still occurring, and it’s happening now. The rising cost of living has created opportunities for businesses to create tools that can assist consumers in navigating economic uncertainty, whether through better financial planning and budgeting or financial literacy training.
Aim Of The CNBC Top Fintech Companies
This has made it more crucial than ever to have a transparent picture of the leading fintech companies. We are requesting entries from qualified fintech companies to register their interest in being considered for the list as part of the research. A fintech organization that offers cutting-edge, technologically advanced, and finance-related goods and services must have completed at least one Series A investment round to be eligible.
Companies will have to provide details about their company model and a few key performance indicators.
In 2022, the Global market intelligence firm, IDC, categorized and evaluated the technology providers based on calendar year revenues from FinTech institutions. Some of the things evaluated by IDC were the company’s hardware, software, and services.
Other data gathered by IDC Financial Insights, also saw both companies rank top in its Enterprise Top 25. For the company’s technology backbone, its IT spending is forecasted to be $590 billion (#252 trillion) by the year 2025.
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