Private FinTech as a tool for sustainable business development in Russia and Kazakhstan
FinTech Market Trends
Survey partners: ID Finance, Eqvanta, Zaymer and Chestnoe Slovo
In 2018, Deloitte CIS held an independent integrated survey of FinTech trends in Russia and Kazakhstan. The evolution of this market is driven by three key factors:
1. Growing demand: rising popularity of mobile and online financial services provided to consumers and businesses alike;
2. Regulatory activity: government efforts that are shaping an infrastructure and a common national FinTech landscape;
3. Agile offerings: FinTechs are highly agile to growing demand as they launch new products and services to the market on a regular basis.
The strongest consumer demand for FinTech services is currently concentrated in online lending. This is one of the fastest growing FinTech segments: according to expert estimates, loan issuance from online companies grew by 67 percent in 2017 compared to a year earlier. The majority of FinTech players expect that this positive trend will continue in the next two years, pointing to online lending as one of the key drivers behind the evolution of the FinTech market.
Learn more about the existing trends by reading the full report.