| | MAY 20246CIOReviewThe fintech industry has shown massive growth over the past few years. Digital payments are at an all-time high, bringing with it a significant global expansion of financial services. The expansion led to the emergence of fresh economic prospects. Innovations in payment methods, including the shift away from cash and the introduction of new options like request-to-pay, digital currencies, and buy now, pay later services, have all opened up new avenues for growth in the FinTech sector.The global fintech market size is estimated to reach USD 397.24 billion by 2029, growing at a CAGR of 11.72 percent during the forecast period. The surge in adoption of digital payments, along with increasing investment in fintech companies, is anticipated to drive this market growth. While in 2022, the global value of digital transactions was recorded at USD 8.5 trillion, by 2027, it is expected to reach USD 15.5 trillion.Currently, established financial institutions with extensive experience in the market are looking to collaborate with emerging technology providers to broaden their reach. Likewise, fintech startups are forming partnerships with reputable financial institutions to accelerate their growth and market presence. Mergers and acquisitions activity is on the rise within the fintech sector.This edition of CIOReview shines a spotlight on the recent industry developments within the fintech market. It highlights crucial advancements centered around harnessing digital solutions throughout business operations, aiming to revolutionize the utilization of technology and resources to provide enhanced value to customers.It features thought leadership articles from Shaun Kapusinski, senior director of technology at Sequoia Financial Group, who emphasizes leveraging a culture of technology to influence focus, shape expectations and create new standards. It also includes a perspective from Javier Solis, Director of Technology, Dumas Contracting.In this edition, we hope you'll discover the ideal company to meet your business needs for integrating financial technology and improving operational efficiency.Let us know your thoughts!EditorialUnveiling the Future of FintechCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com MAY - 01 - 2024, Vol 13, Issue - 19 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner LawrenceVisualizersRobert Grey Smith*Some of the Insights are based on our interviews with CIOs and CXOsJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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