Here’s some good news for fintech players, startups and investors:

Financial technology, or fintech, platforms are likely to see revenues double by 2020, according to a new study.

So concludes Juniper Research in a new report.

Driving revenues to $10.5 billion in 2020 from a projected $5.2 billion this year are three key factors:

  • An acceleration in P2P (peer to peer) lending;
  • Crowdfunding becoming a viable alternative to traditional lending mechanisms;
  • The deployment of next generation analytics platforms.

Those are among the conclusions in “Fintech Futures: Market Disruption, Leading Innovators & Emerging Opportunities 2016-2021.”

However, challenges remain, especially for investors.

“Platform providers need to be transparent about how they assess firms and not just sell the tantalizing potential of funding the next Facebook,” says research author, Michael Larner. “We are yet to witness a blockbuster exit for investors, but a successful IPO would cement crowdfunding’s foothold in the marketplace.”

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