2024-03-15 12:00:00 ET
Summary
- Fintech is projected (by QED Investors) to reach $1.5 trillion (~20% CAGR) by 2030, driven by massive and rapid digital adoption within the traditional financial services industry.
- Fintech growth is projected to be especially pronounced in the Latin American markets, led by Brazil and Mexico, at a CAGR of nearly 30% during the same time period.
- Three payment processing and banking stocks, including two with primary markets in Brazil, and one U.S.-based giant looking to expand globally, top SA’s fintech Strong Buy list.
Financials ( XLF ) are rallying as one of the top-performing sectors YTD and over the last 12 months, with shares of banks and other financial institutions capitalizing on AI trends. The technology boom with tailwinds from artificial intelligence has supercharged the markets, and Big Tech is driving major index gains over the past 12 months....
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For further details see:
3 Best Fintech Stocks (SA Quant)