Future of Global Fintech Second Edition 2025

Standardization on cybersecurity: Over half of fintech respondents came from jurisdictions where cybersecurity and fraud prevention mechanisms exist, with 42% of fintechs in APAC and 40% of firms in the US and Canada finding them effective. Overall, 24% of fintechs found this initiative ineffective, especially in MENA (34%). Furthermore, 24% reported that standardization was needed (40% in LAC). Some nuances were noted in the verticals – 63% of insurtechs found it effective, while 47% in digital capital raising rated it ineffective. In total, 31% of digital lending fintechs were in need. Meanwhile, for 27% of digital payment firms and 25% of wealthtech firms, it did not exist. Digital regulatory and supervisory infrastructure: Although 29% of firms rated supervisory infrastructure as effective where it existed, there was a slightly more negative perception towards digital regulatory and supervisory infrastructure, with 32% perceiving it as an ineffective measure. EMDEs (33%) were more likely than AEs (26%) to rate the infrastructure as effective. At the vertical level, digital banking and savings (13%) and digital capital raising (15%) were the verticals that considered this measure to be the least effective, while digital lending (41%) and wealthtech (39%) sectors were more likely to rate this measure as effective when it was present.Open banking and open finance framework: Open banking and open finance regimes are expanding globally, with 95 countries having some form of implementation.23 Their impact on fintech growth is uneven, however, with 29% of fintechs finding them effective and 24% considering them ineffective. Additionally, 23% of firms reported that these frameworks would be beneficial but were unavailable in their jurisdictions, while another 24% deemed their implementation useful. Regionally, fintechs in Europe (42%), MENA (33%) and APAC (31%) were more likely to find them effective, though 31% of fintechs in MENA and APAC also rated them as ineffective. In LAC, 46% of firms viewed them as needed despite the significant adoption of open banking over the last few years (with several countries defining their strategies to implement it). Additionally, fintechs in AEs found the frameworks more effective than those in EMDEs (34% versus 23%). By vertical, digital capital raising firms had the most negative opinions, with 40% viewing them as ineffective, while digital lending (39%), digital payment (36%) and wealthtech (37%) saw them as effective.63% of insurtechs found standardization on cybersecurity effective. The Future of Global Fintech: From Rapid Expansion to Sustainable Growth 28