Viola：2026金融科技报告：金融科技新周期：规范、集成平台与规模化（英文版）（27页）.pdf

1、Discipline,Integrated Platforms,and ScaleThe New FinTech Cycle:FinTech Report|January 202623|Viola FinTech Report January 2026Report HIGHLIGHTS:2025 Delivered.Momentum Continues into 2026.FinTech has emerged from the reset stronger,leaner,and structurally improved.After a multi-year contraction driv

2、en by rising interest rates,closed capital markets,and a repricing of risk,2025 marked a clear inflection point.The recovery underway is not a return to the excesses of the prior cycle,but the beginning of a more disciplined,durable phase of FinTech growth.Key Takeaways01.The FinTech Downturn Was Cy

3、clical,Not StructuralThe 20222024 contraction was primarily macro-driven.As interest rates stabilized and capital markets normalized,FinTech activity resumed in predictable ways:selective private funding,a rebound in strategic M&A,and FinTech-led reopening of IPO markets.The underlying modernization

4、 of financial services remains incomplete and unavoidable.02.Capital Has Reset and the Quality Bar Is HigherPublic and private markets now reward profitable,efficient growth over scale at any cost.Business models with embedded distribution,automation-driven margins,and proprietary data command clear

5、 valuation premiums.This repricing has raised the bar,but it has also aligned incentives across founders,investors,and acquirers.03.AI Is Shifting FinTech From Software to Systems of ActionAI adoption is accelerating across financial services,moving from copilots and interfaces to agentic systems th

6、at execute workflows,make decisions,and resolve exceptions across core financial infrastructure.The next generation of FinTech leaders will be defined not by better UX,but by autonomous execution,real-time decisioning,and operational leverage.04.Israeli FinTech Is Exiting the Downturn With Structura