Where the fintech sector is headed next: QED-BCG Global Fintech Report 2025

Fintech may still make up only a small slice—just 3%—of global banking and insurance revenue, but its impact is growing fast. A recent QED–BCG Global Fintech Report reveals that fintech revenues rose 21% year-on-year, outperforming the broader financial services sector, which grew just 6%. Public fintechs also saw better profitability, with 69% now in the black—up from less than half the previous year.

In an exclusive interview with ET, QED Investors cofounder Nigel Morris said, “Regulators are now internalising that fintech is here to…