Fintech is an industry that’s seen large growth in a span of just a few years From being a $1.8 billion industry in 2010, it has grown into an industry worth over $127 billion in 2018 with an expected annual growth rate of 24.8%. Fintech companies have a need for advanced computing solutions as the volumes of data they handle grow and transactions increase by the day. They need applications that can guarantee increased speed in processing data and constant high performance. Real-time insights are key in the fintech business, and the better and quicker companies process and analyze data, the better.
Some of this data may fall under the remit of log data, for which Fintech companies would find use of a logging aggregator to their benefit for real-time trend analysis.
The fintech industry has experienced rapid growth in recent years, leading to a number of startups desiring to make a dent in the market. These startups need a viable data processing solution now more than ever due to the drop in funding caused by the COVID-19 pandemic. After years of record funding levels and rising valuations, venture capital deals decreased and funding dropped to $8.8 billion in the first half of 2020—a 20% year-on-year drop compared to the previous year. This scenario paints an uncertain future for many fintech companies and makes finding an ideal and cost-effective data infrastructure all the more important.
Fintech is an industry that’s seen large growth in a span of just a few years From being a $1.8 billion industry in 2010, it has grown into an industry worth over $127 billion in 2018 with an expected annual growth rate of 24.8%. Fintech companies have a need for advanced computing solutions as the volumes of data they handle grow and transactions increase by the day. They need applications that can guarantee increased speed in processing data and constant high performance. Real-time insights are key in the fintech business, and the better and quicker companies process and analyze data, the better.
Some of this data may fall under the remit of log data, for which Fintech companies would find use of a logging aggregator to their benefit for real-time trend analysis.
The fintech industry has experienced rapid growth in recent years, leading to a number of startups desiring to make a dent in the market. These startups need a viable data processing solution now more than ever due to the drop in funding caused by the COVID-19 pandemic. After years of record funding levels and rising valuations, venture capital deals decreased and funding dropped to $8.8 billion in the first half of 2020—a 20% year-on-year drop compared to the previous year. This scenario paints an uncertain future for many fintech companies and makes finding an ideal and cost-effective data infrastructure all the more important.