EY Global Fintech Adoption Index Shows Latest Trends

According to the index, fintech adoption among consumers has almost doubled over the last 18 months; 64% of digitally-active consumers in 27 markets are leveraging fintech; among the most popular uses and awareness are transfer and payment services; the US continues to lag behind the Europe which has seen the benefit of investments into open banking; EY also added the small and medium sized enterprise fintech adoption index; this survey of 1,000 organizations found that a quarter of them have used at least one fintech across banking and payments, financial management, financing and insurance in the last six months. Source