Fintech in Russia - statistics & facts
The 21st century’s digital revolution paved the way for fintech development worldwide. Financial technologies refer to any technological innovations which aim to automate the delivery and use of financial services. Initially, the technologies were related to banks only, but with time they became more consumer-oriented. Currently, fintech is understood as a broad variety of technological interventions into personal and commercial finance. At present, the market encompasses diverse sectors and industries, such as retail banking, fundraising, cryptocurrencies, and investment management.
