<p>Davos: India is among the most significant operating countries for hosting a thriving cluster or fintech headquarters, a WEF study showed on Thursday.</p>.<p>Releasing the report during its Annual Meeting 2024, the World Economic Forum said that fintechs are increasingly expanding operations across borders, mainly in the same region as their headquarters.</p>.<p>"The study reveals that vibrant hubs such as Singapore, the UK, the US, and India have hosted a thriving cluster of fintech corporate headquarters."</p>.<p>"Among the countries surveyed, the most significant operating countries for fintechs include the US, the UK, Singapore, Mexico, and India," it added.</p>.<p>According to the report, the global fintech industry remains strong, with customer growth rates averaging above 50 per cent across industry verticals and regions.</p>.Davos: Karnataka inks deals worth Rs 22K crore at World Economic Forum meet.<p>Consumer demand is the main driver of growth, and fintechs are offering tailored financial services and products to traditionally underserved segments of the population, it noted.</p>.<p>The report said the global fintech industry is demonstrating strength and resilience and continues, despite an unclear economic outlook, to expand financial services offerings to traditionally underserved consumers and businesses.</p>.<p>'The Future of Global Fintech: Towards Resilient and Inclusive Growth', developed in collaboration with the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, is based on a global survey of over 200 fintech companies across five retail-facing industry.</p>.<p>It covered six regions - Asia-Pacific, Europe, Latin America and the Caribbean, Middle East and North Africa, the US, and Canada, and sub-Saharan Africa - to take the pulse of the rapidly evolving fintech ecosystem.</p>.<p>The report found that the majority of financial technology companies hold a positive view of their regulatory environment, with 63 per cent rating it as adequate.</p>.<p>Additionally, 38 per cent of surveyed fintechs cited the regulatory environment as a major supporting factor for their operations and growth.</p>.<p>However, a substantial portion of fintechs found regulatory compliance challenging and the licensing and registration processes to be problematic, indicating an area where policymakers and regulators could make improvements.</p>
<p>Davos: India is among the most significant operating countries for hosting a thriving cluster or fintech headquarters, a WEF study showed on Thursday.</p>.<p>Releasing the report during its Annual Meeting 2024, the World Economic Forum said that fintechs are increasingly expanding operations across borders, mainly in the same region as their headquarters.</p>.<p>"The study reveals that vibrant hubs such as Singapore, the UK, the US, and India have hosted a thriving cluster of fintech corporate headquarters."</p>.<p>"Among the countries surveyed, the most significant operating countries for fintechs include the US, the UK, Singapore, Mexico, and India," it added.</p>.<p>According to the report, the global fintech industry remains strong, with customer growth rates averaging above 50 per cent across industry verticals and regions.</p>.Davos: Karnataka inks deals worth Rs 22K crore at World Economic Forum meet.<p>Consumer demand is the main driver of growth, and fintechs are offering tailored financial services and products to traditionally underserved segments of the population, it noted.</p>.<p>The report said the global fintech industry is demonstrating strength and resilience and continues, despite an unclear economic outlook, to expand financial services offerings to traditionally underserved consumers and businesses.</p>.<p>'The Future of Global Fintech: Towards Resilient and Inclusive Growth', developed in collaboration with the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, is based on a global survey of over 200 fintech companies across five retail-facing industry.</p>.<p>It covered six regions - Asia-Pacific, Europe, Latin America and the Caribbean, Middle East and North Africa, the US, and Canada, and sub-Saharan Africa - to take the pulse of the rapidly evolving fintech ecosystem.</p>.<p>The report found that the majority of financial technology companies hold a positive view of their regulatory environment, with 63 per cent rating it as adequate.</p>.<p>Additionally, 38 per cent of surveyed fintechs cited the regulatory environment as a major supporting factor for their operations and growth.</p>.<p>However, a substantial portion of fintechs found regulatory compliance challenging and the licensing and registration processes to be problematic, indicating an area where policymakers and regulators could make improvements.</p>