Fintech Solutions in International Finance: Opportunities and Risks for the Global Economy (Herald of Khmelnytskyi National University Economic sciences)

Summary

• The global FinTech market is projected to reach 938–1250 млрд дол. США in the 2026–2035 period.p.3
• The forecasted compound annual growth rate (CAGR) for global FinTech between 2026 and 2035 is within 15–17 %.p.3
• The monetary volume of the global FinTech market is expected to increase by at least 3–6 times over the next decade.p.3
• The United States is ranked 1 among top countries by FinTech system development as of 2025.p.3
• European open banking and payment services are governed by Directive (ЄС) 2015/2366 (PSD2).p.3

Key insights

1. FinTech tools transform cross-border financial transactions by accelerating processing times and improving operational transparency.p.2
2. Mobile banking and digital payment platforms enhance financial inclusion, particularly in developing regions with limited traditional infrastructure.p.1
3. Rapid expansion of FinTech solutions introduces heightened risks of cyber threats, operational vulnerabilities, and regulatory fragmentation.p.1
4. Regulatory arbitrage leads to capital migration toward lenient jurisdictions, undermining national regulators and increasing systemic fragility.p.4
5. Establishing unified international standards for licensing, capital adequacy, and stress testing is essential for global financial stability.p.1
6. The EU MiCA regulation establishes unified rules for crypto-asset issuance and trading to protect investors.p.3