| dc.description.abstract | The growth of digitalization processes around the world,
covering almost all areas of human life, including the Fintech
sector. In the field of financial technology, radical changes are
taking place with increasing levels of automation, openness and
consumer focus. In addition, in the context of the spread of
coronavirus infection, quarantine and forced isolation, the role of
digital technology is coming to the fore worldwide, including in
Ukraine. The purpose of the article is to assess the development
of Fintech ecosystem of European countries and outline the
strategic parameters of domestic Fintech development. The study
concluded that the investment raised for the Fintech industry
increases annually and the quality and size of transactions
gradually increases.
Today, Fintech maintains its position as one of the most
attractive markets for venture capitalists and the image of an
industry with high potential, especially in the era of open banking.
The most attractive markets for investors are mature markets,
such as the United States, Germany and the United Kingdom,
and the preferred niches for investment - the vertical of payments
and lending. Trends in investment activity in terms of investing
in financial technologies are studied. Moreover, investors prefer
businesses that already have a significant scale or considerable
potential to achieve it and become sustainable businesses. | uk_UA |
