In the technology innovation space, we hear a lot of buzzwords that are often difficult to quantify; examples being “Big Data, Artificial Intelligence, The Cloud, Internet of Things and FinTech”.  FinTech has been described as a catch-all term that “applies to companies using the internet, mobile phones, cloud computing and open source software to make banking and investing more efficient.” Source: Bloomberg

The number of disrupters/technology start-ups associated with FinTech seem to be endless with new companies popping up all the time.  There is a significant focus on investment in this new vertical, we have data from Accenture that highlights the growth:

  • Global FinTech Investment will grow to at least $6 Billion by 2018. Investment in FinTech ventures is on the rise, and banks are helping drive it by investing in startups that could help solve their IT problems.
  • Global investment in financial services technology ventures tripled since 2008, growing from $928 million in 2008 to $2.97 billion last year
  • Worldwide venture capital investment in FinTech has grown four times faster than the rate of overall venture capital investment in the last three years
  • The fast growth to the convergence of several factors in the technology and banking space, such as the spread of open source and cloud-based technologies that help cut costs for new startups
  • The U.S. is by far the biggest market for FinTech venture capital investment, making up 83% of the global market

Source: Accenture

We here at FirsTech have significant experience in developing online payments applications, as well as securely integrating with a wide variety of technologies across multiple verticals and industries.  Our team has experience to offer companies in the FinTech space who need assistance with their new product development.  Give us a call, we’d love to talk about your FinTech project!


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The FirsTech team places a tremendous amount of focus on ensuring we meet our objective to be our clients' partner to business success. With the most comprehensive capabilities suite specifically designed to satisfy the core hierarchy of business needs, contact FirsTech today to learn how we strive to provide our customers with innovative systems, processes and services of the highest quality in the customer payment processing industry.