Islamic Finance

Islamic fintech 2020: P2P crowdfunding, challenger banking and Southeast Asia biggest growth opportunities - study


P2P crowdfunding and challenger banking are the top expected growth sectors for Islamic fintech in 2020, and Southeast Asia is the region to watch, said a new study released on Tuesday (Dec 10).

The Global Islamic Fintech Report is produced by London-based digital finance firm Elipses in collaboration with the UK Islamic Fintech Panel.

It is based on a survey with 180 companies worldwide across five categories: fintechs (50%), ecosystem players such as incubators and accelerators (22%), service providers such as law firms (16%), financial institutions (8%), and investors (4%), Elipses Co-founder and Principal, Abdul Haseeb Basit told Salaam Gateway.

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tags:

Fintech