A growing number of fintech services are specifically targeting retirees and seniors. From financial management to estate planning, here are the trends driving the nascent space forward. Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees -- and for good reason. Q1'19 VC-backed fintech funding dropped but deals remained strong.

The Big Data movement is finally keeping up with its promise to bring us always more data about everything and everyone in our environment. At the same time, we learn that investment in FinTech has grown ten times over the last five years to reach US$ 19 billion (EUR 16.3 billion) in 2015. FinTech is a technology intensive industry. Globally the objective of FinTech can be set as "providing better and more efficient financial services than the banks with less expenses and especially less human means." However, if the goal is to provide services at a significantly lower cost than established players, FinTech requires high-end technology developments, making it a capital-intensive sector.

Mizuho Financial Group Inc. has entered talks with information technology startup Metaps Inc. about forming a business alliance on settlement services using advanced financial technology, Jiji Press learned Thursday. Metaps is a leading provider of fintech services, which use artificial intelligence and big data. The envisaged tie-up is aimed at developing new settlement services, sources said. The predecessor of Metaps was established in Tokyo in September 2007. The firm offers online settlement services, including Spike.

The Big Data movement is finally keeping up with its promise to bring us always more data about everything and everyone in our environment. At the same time, we learn that investment in FinTech has grown ten times over the last five years to reach US 19 billion (EUR 16.3 billion) in 2015. FinTech is a technology intensive industry. Globally the objective of FinTech can be set as "providing better and more efficient financial services than the banks with less expenses and especially less human means." However, if the goal is to provide services at a significantly lower cost than established players, FinTech requires high-end technology developments, making it a capital-intensive sector.

The fintech industry is growing at an accelerated pace, driven by new technological innovations and evolving needs. In many cases, the modern enhancements across many IT sectors have had secondary effects across industries – and particularly on fintech products and services. For example, artificial intelligence (AI) now drives a large number of applications and major predictive market models/systems. Of particular note are big data analytics and product analytics. Both industries get a lot of news coverage, though normally in relation to social media or marketing.