Yes, the FinTech industry is growing at an enormous rate

FinTech this, FinTech that.  You’re hearing a lot about the FinTech industry, but that’s because it’s truly increasing at an enormous rate around the world.

Why? There are a lot of reasons, not the least of which is a dissatisfaction with a traditional financial services industry that brings with it significant regulations, high fee structures for customers, and lack of internal innovations.

For a long time, all of this seemed unavoidable, with the big banks usually being the only available option to customers, who begrudgingly searched for competing banks with the fewest annoyances.

But a new breed of tech companies is proving that mentality wrong, and we’re now in the midst of a rapidly growing wave of potential disruptors and innovators looking to change the space.

Not convinced it’s a big thing yet? Here are a few stats to change your mind.

We’re biased here at untapt, but all of this is really good thing. The solutions to this long-standing dissatisfaction are why we’re here.

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Kate is CCO of untapt and Founder of FactorZero. A marketer by trade, she's had varied roles as President of Girls in Tech, Founder of Other Side Group, Executive Director of Digital and Social Media at Syracuse University, and has been in and around startups her entire career. She writes for a bunch of places including Forbes and Entrepreneur, and dabbles (a lot) in women in technology and entrepreneurship stuff, startup stuff, good craft beer, hard cider and hops farming, skiing, hiking and playing music.