Digital Market Outlook: FinTech user potential in Spain 2014-2020, by segment

FinTech user potential in Spain from 2014 to 2020, by segment

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Release date

September 2015

Region

Spain

Survey time period

2015

Supplementary notes

* Estimate.

“FinTech” is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

The characteristics of the digitization process of financial services include: simplified access for end users via the Internet or mobile Apps, an increase in the processing speed of automated processes, reduction in costs, a stronger focus on customer service, more convenience, higher transparency and the exploitation of network effects.

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For teams of up to 5 people
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