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United Kingdom Fintech Market

United Kingdom Fintech Market Size, Share, Growth, Analysis: By Deployment Mode: On-Premises, Cloud; By Technology: Artificial Intelligence, Application Programming Interface (API), Robotic Process Automation, Data Analytics, Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

United Kingdom Fintech Market

The United Kingdom fintech market size reached USD 10.32 billion in 2023. The market is expected to grow at a CAGR of 7.05% between 2024 and 2032, reaching USD 17.81 billion by 2032.

 

Key Takeaways:

  • The UK's FinTech sector, with 1,600+ firms, is set to double by 2030, as per the International Trade Administration.
  • The FinTech industry adds $13.4 billion (£11 billion) and 76,000+ jobs to the UK, according to the International Trade Administration.
  • In 2020, London drew $4.1 billion, 94% of the UK's FinTech venture capital, indicating its appeal to investors, states Deloitte.

 

Due to the deployment mode, the United Kingdom fintech market growth benefits from enhanced data control

This entails companies having full authority over their data, which is crucial for safeguarding sensitive financial information. On-site fintech solutions enhance data control, aiding in safeguarding sensitive financial information. They simplify adherence to regulations as data remains under the company's jurisdiction. Customization options are adaptable, and performance can be quicker with reduced latency. Some perceive them as more secure due to direct security oversight.

 

Cloud-based fintech solutions offer scalability, adjusting resources according to market needs. They are cost-effective, eliminating substantial hardware investments with pay-as-you-go models. Accessible globally, they support remote work. Cloud providers manage updates, alleviating the IT team's burden. Furthermore, they offer robust disaster recovery through data redundancy and backups.

 

In August 2023, the UK introduced a £1 billion Fintech Growth Fund to enhance its global FinTech investment standing. Supported by industry giants like Mastercard and Barclays, the fund aims to assist growth-stage FinTech companies, addressing concerns about UK FinTech obstacles and promoting local listings.

 

United Kingdom Fintech Market

 

Market Segmentation

United Kingdom Fintech Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Deployment Mode

  • On-Premises
  • Cloud

 

Market Breakup by Technology

  • Artificial Intelligence
  • Application Programming Interface (API)
  • Robotic Process Automation
  • Data Analytics
  • Others

 

Market Breakup by Application

  • Payments and Fund Transfers
  • Loans
  • Insurance and Personal Finance
  • Wealth Management
  • Others


Market Breakup by Region

  • England
  • Wales
  • Scotland
  • Northern Ireland

 

The United Kingdom fintech market key players are Revolut Ltd., Monzo Bank Limited, Wise Plc, Paymentsense Limited, Starling Bank Limited, JPMorgan Chase & Co. (Nutmeg), Soldo Software Ltd., Digital Moneybox Limited, OakNorth Bank Plc, and SumUp Payments Limited among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Deployment Mode
  • Technology
  • Application
  • Region
Breakup by Deployment Mode
  • On-Premises
  • Cloud
Breakup by Technology 
  • Artificial Intelligence
  • Application Programming Interface (API)
  • Robotic Process Automation
  • Data Analytics
  • Others
Breakup by Application
  • Payments and Fund Transfer
  • Loans
  • Insurance and Personal Finance
  • Wealth Management
  • Others
Breakup by Region
  • England
  • Wales
  • Scotland
  • Northern Ireland
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Revolut Ltd.  
  • Monzo Bank Limited 
  • Wise Plc  
  • Paymentsense Limited
  • Starling Bank Limited
  • JPMorgan Chase & Co. (Nutmeg) 
  • Soldo Software Ltd.  
  • Digital Moneybox Limited 
  • OakNorth Bank Plc   
  • SumUp Payments Limited
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Europe Fintech Market Overview

    8.1    Key Industry Highlights
    8.2    Europe Fintech Historical Market (2018-2023) 
    8.3    Europe Fintech Market Forecast (2024-2032)
9    United Kingdom Fintech Market Overview
    9.1    Key Industry Highlights
    9.2    United Kingdom Fintech Historical Market (2018-2023) 
    9.3    United Kingdom Fintech Market Forecast (2024-2032)
10    United Kingdom Fintech Market by Deployment Mode
    10.1    On-Premises
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Cloud
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    United Kingdom Fintech Market by Technology 
    11.1    Artificial Intelligence
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Application Programming Interface (API)
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Robotic Process Automation
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Data Analytics
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Others
12    United Kingdom Fintech Market by Application
    12.1    Payments and Fund Transfer
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Loans
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Insurance and Personal Finance
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Wealth Management
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Others
13    United Kingdom Fintech Market by Region
    13.1    England
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Wales
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Scotland
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Northern Ireland
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Revolut Ltd.  
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Monzo Bank Limited 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Wise Plc  
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Paymentsense Limited   
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Starling Bank Limited  
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    JPMorgan Chase & Co. (Nutmeg) 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Soldo Software Ltd.  
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Digital Moneybox Limited   
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    OakNorth Bank Plc   
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    SumUp Payments Limited    
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Europe Fintech Market: Key Industry Highlights, 2018 and 2032
2.    United Kingdom Fintech Market: Key Industry Highlights, 2018 and 2032
3.    United Kingdom Fintech Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
4.    United Kingdom Fintech Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
5.    United Kingdom Fintech Historical Market: Breakup by Technology (USD Billion), 2018-2023
6.    United Kingdom Fintech Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7.    United Kingdom Fintech Historical Market: Breakup by Application (USD Billion), 2018-2023
8.    United Kingdom Fintech Market Forecast: Breakup by Application (USD Billion), 2024-2032
9.    United Kingdom Fintech Historical Market: Breakup by Region (USD Billion), 2018-2023
10.    United Kingdom Fintech Market Forecast: Breakup by Region (USD Billion), 2024-2032
11.    United Kingdom Fintech Market Structure

Key Questions Answered in the Report

The market was valued at USD 10.32 billion in 2023. 

The market is projected to grow at a CAGR of 7.05% between 2024 and 2032. 

The revenue generated from the market is expected to reach USD 17.81 billion in 2032. 

The fintech market is categorised according to the deployment mode, which includes on-premises and cloud. 

The fintech market key players are Exxon Mobil Corporation, Shell Plc, Chevron Corp., BP Plc, TotalEnergies SE, Eni S.p.A and Valero Energy Corporation among others.

Based on the application, the market is divided into payments and fund transfers, loans, insurance and personal finance, wealth management and others. 

The market is broken down into England, Wales, Scotland, and Northern Ireland.

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