When I first heard that QED Investors and BCG were putting together a report on the future of fintech I knew it was going to be good. I was not wrong. Never before have we seen an in-depth and rigorous analysis of where the industry is today and more importantly where we are headed.

The report is titled Global Fintech 2023: Reimagining the Future of Finance, and it provides a level of optimism that has been missing in fintech for the past 12-18 months. But this is not blind optimism, it is based on data and research, both qualitative and quantitative. The finished product is a seminal report that has been the talk of the industry for the last month and a half.

My next guests on the Fintech One-on-One podcast are Nigel Morris, the Co-Founder and Managing Partner at QED Investors and Rishi Varma, Managing Director and Senior Partner at the Boston Consulting Group. Nigel gave a presentation on this report at the recent Fintech Nexus USA event (video here) but in this interview, we delve deeply into the genesis of the report, some of its key findings, and what it means for the industry.

In this podcast you will learn:

Why QED and BCG decided to come together to produce this report.
The size of the financial services industry globally and fintech's part in it.
The methodology they used to arrive at these global revenue numbers.
A chronicle of the last three years in fintech.
Where we are at today with equity funding in fintech by stage of company.
The growth of fintech globally over the next 7 years and where this growth will come from.
The eye-popping size that fintech is expected to be in 2030.
What verticals within fintech will see the most growth.
Why embracing financial inclusion has enormous potential.
How and when will fintech become as profitable as the incumbents.
The biggest risks to the growth of fintech.
What is most exciting about the future of fintech.

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Nigel Morris of QED & Rishi Varma of BCG