GITNUXREPORT 2025

Global Financial Industry Statistics

Global financial industry rapidly digitizes, growing assets and technological innovation.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The global banking industry was valued at approximately $129 trillion in assets as of 2022

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The total assets of the top 10 global banks exceeded $50 trillion in 2022

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The average bank branch has seen a 90% decline in foot traffic from 2019 to 2023, due to digital shift

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70% of consumers globally prefer digital banking over traditional branches

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The number of bank branches worldwide declined by approximately 42,000 between 2019 and 2022, reflecting digital transformation

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The average cost of a financial fraud per incident is estimated at $5,000, with total losses reaching over $4.5 billion annually in the US alone

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Cyberattacks on financial institutions increased by 15% in 2023, with an average cost of $3.45 million per attack

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The global market for cybersecurity in finance is expected to reach $14.8 billion by 2025, due to rising cyber threats

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Approximately 65% of banking transactions worldwide are now conducted online or via mobile devices

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The global payments industry handled about $7.5 trillion in transaction value daily in 2022

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The number of active mobile banking users globally reached 1.7 billion in 2023

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The global credit card market size was valued at $3.34 trillion in 2022, with expected growth driven by digital payments

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The number of active mobile wallets worldwide surpassed 1.8 billion in 2023, driven largely by Asia-Pacific markets

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The percentage of financial transactions processed electronically has increased from 40% in 2018 to over 70% in 2023, reflecting rapid digital transformation

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The global remittance market was worth approximately $689 billion in 2022, with the majority of transactions taking place in Asia

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Customer satisfaction levels for digital banking services have increased by 15% globally from 2020 to 2023, driven by improved user experience

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The share of financial transactions processed via contactless payments has grown from 20% in 2018 to over 50% in 2023, emphasizing the shift towards contactless technology

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The total global mobile payment transaction value is projected to reach $10.4 trillion in 2025, up from $4.4 trillion in 2022, demonstrating rapid growth

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Globally, the average financial literacy rate is approximately 35%, with significant variation across countries

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The global wealth management industry managed assets worth approximately $113 trillion in 2022

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The number of cryptocurrencies worldwide surpassed 22,000 in 2023, with a total market capitalization of over $2.1 trillion

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The global insurance industry was valued at approximately $6.3 trillion in 2022

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The global asset management industry manages over $100 trillion in assets as of 2023

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The global robo-advisor market size reached approximately $3.6 trillion in assets under management in 2022

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The total number of financial advisors globally exceeds 500,000, serving millions of clients worldwide

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The foreign exchange (forex) trading market generates an average daily volume of approximately $6.6 trillion

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The average holding period for a stock in the S&P 500 has decreased from about 8 years in 2013 to around 4 years in 2023, indicating increased trading activity

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The total assets held by pension funds worldwide exceeded $35 trillion in 2022, making them one of the largest institutional investors

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The total global financial industry revenues are estimated to be over $4 trillion annually, encompassing banking, insurance, asset management, and payments

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The total number of initial coin offerings (ICOs) raised over $10 billion worldwide from 2017 to 2021, representing a significant method of fundraising in crypto markets

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The percentage of retail investors using robo-advisors increased from 8% in 2019 to 22% in 2023, reflecting growing trust and adoption

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The global market for sustainable or ESG investing assets surpassed $35 trillion in 2022, accounting for nearly one-third of total managed assets

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The global fintech market is projected to reach $310 billion by 2027, growing at a CAGR of 25.2%

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In 2021, over 2 billion people worldwide used digital banking services

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Financial technology investments reached $53 billion globally in 2022, marking a significant increase from previous years

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Fintech startups received nearly $55 billion in funding in 2022, indicating growing investor confidence

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Over 85% of financial institutions have adopted some form of artificial intelligence or machine learning technology

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The worldwide peer-to-peer (P2P) lending market was valued at about $350 billion in 2022, expected to reach over $600 billion by 2027

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The adoption rate of blockchain technology in the financial industry has grown by over 200% from 2018 to 2023

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The number of fintech unicorns has more than doubled since 2020, reaching over 200 in 2023

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Approximately 90% of the world's population is unbanked or underbanked, indicating significant growth opportunities for financial inclusion efforts

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The number of registered digital currencies or tokens officially recognized by regulators worldwide grew by 150% from 2019 to 2023, indicating increased regulatory attention

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The adoption of open banking APIs has increased by over 200% from 2018 to 2023, enabling more integrated financial services

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The average cost of cross-border bank transfers has decreased by 30% since 2018 due to technological advancements

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The number of financial technology patents filed globally increased by over 60% between 2018 and 2022, indicating increased innovation in the sector

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The percentage of financial advice provided digitally has increased from 35% in 2019 to 65% in 2023, reflecting a shift towards client self-service

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Entries in the global trade finance market grew by 12% in 2022 compared to the previous year, driven by digital trade finance solutions

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The number of online-only banks (neobanks) increased by over 150% from 2018 to 2023, with more than 600 worldwide

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Key Highlights

The global banking industry was valued at approximately $129 trillion in assets as of 2022
The global fintech market is projected to reach $310 billion by 2027, growing at a CAGR of 25.2%
In 2021, over 2 billion people worldwide used digital banking services
The total assets of the top 10 global banks exceeded $50 trillion in 2022
The global wealth management industry managed assets worth approximately $113 trillion in 2022
Approximately 65% of banking transactions worldwide are now conducted online or via mobile devices
The number of cryptocurrencies worldwide surpassed 22,000 in 2023, with a total market capitalization of over $2.1 trillion
The global payments industry handled about $7.5 trillion in transaction value daily in 2022
The average cost of a financial fraud per incident is estimated at $5,000, with total losses reaching over $4.5 billion annually in the US alone
The number of active mobile banking users globally reached 1.7 billion in 2023
Financial technology investments reached $53 billion globally in 2022, marking a significant increase from previous years
The global insurance industry was valued at approximately $6.3 trillion in 2022
Cyberattacks on financial institutions increased by 15% in 2023, with an average cost of $3.45 million per attack

The global financial industry is undergoing a revolution, with digital transformation driving unprecedented growth, innovation, and challenges across banking, fintech, cryptocurrencies, and more—reshaping how trillions of dollars are managed, exchanged, and secured worldwide.

Banking Industry and Infrastructure

The global banking industry was valued at approximately $129 trillion in assets as of 2022
The total assets of the top 10 global banks exceeded $50 trillion in 2022
The average bank branch has seen a 90% decline in foot traffic from 2019 to 2023, due to digital shift
70% of consumers globally prefer digital banking over traditional branches
The number of bank branches worldwide declined by approximately 42,000 between 2019 and 2022, reflecting digital transformation

Banking Industry and Infrastructure Interpretation

As the global banking industry boasts a staggering $129 trillion in assets, with digital banking now favored by 70% of consumers and branch foot traffic plummeting 90%, it’s clear that the sector is experiencing a profound shift from brick-and-mortar stability to a pixel-powered future—reminding us that in finance, as in life, adaptability is the real currency.

Cybersecurity and Risk Management

The average cost of a financial fraud per incident is estimated at $5,000, with total losses reaching over $4.5 billion annually in the US alone
Cyberattacks on financial institutions increased by 15% in 2023, with an average cost of $3.45 million per attack
The global market for cybersecurity in finance is expected to reach $14.8 billion by 2025, due to rising cyber threats

Cybersecurity and Risk Management Interpretation

With financial fraud incidents costing Americans over $4.5 billion annually and cyberattacks increasing by 15% in 2023—every dollar spent on cybersecurity, projected to hit $14.8 billion by 2025, becomes not just an investment in protection but a necessary shield in the ongoing digital battlefield of finance.

Digital Payments and Transactions

Approximately 65% of banking transactions worldwide are now conducted online or via mobile devices
The global payments industry handled about $7.5 trillion in transaction value daily in 2022
The number of active mobile banking users globally reached 1.7 billion in 2023
The global credit card market size was valued at $3.34 trillion in 2022, with expected growth driven by digital payments
The number of active mobile wallets worldwide surpassed 1.8 billion in 2023, driven largely by Asia-Pacific markets
The percentage of financial transactions processed electronically has increased from 40% in 2018 to over 70% in 2023, reflecting rapid digital transformation
The global remittance market was worth approximately $689 billion in 2022, with the majority of transactions taking place in Asia
Customer satisfaction levels for digital banking services have increased by 15% globally from 2020 to 2023, driven by improved user experience
The share of financial transactions processed via contactless payments has grown from 20% in 2018 to over 50% in 2023, emphasizing the shift towards contactless technology
The total global mobile payment transaction value is projected to reach $10.4 trillion in 2025, up from $4.4 trillion in 2022, demonstrating rapid growth

Digital Payments and Transactions Interpretation

As the world rapidly shifts over 70% of financial transactions online, with mobile payments poised to triple in value by 2025, digital banking has not only become the norm but a satisfaction-driven global phenomenon—making cash and traditional banking feel increasingly like relics in a contactless, app-driven economy.

Financial Literacy and Education

Globally, the average financial literacy rate is approximately 35%, with significant variation across countries

Financial Literacy and Education Interpretation

With only about a third of the global population understanding basic financial principles, it's clear that improving financial literacy isn't just a good idea—it's an urgent necessity for fostering economic resilience worldwide.

Financial Markets and Investment

The global wealth management industry managed assets worth approximately $113 trillion in 2022
The number of cryptocurrencies worldwide surpassed 22,000 in 2023, with a total market capitalization of over $2.1 trillion
The global insurance industry was valued at approximately $6.3 trillion in 2022
The global asset management industry manages over $100 trillion in assets as of 2023
The global robo-advisor market size reached approximately $3.6 trillion in assets under management in 2022
The total number of financial advisors globally exceeds 500,000, serving millions of clients worldwide
The foreign exchange (forex) trading market generates an average daily volume of approximately $6.6 trillion
The average holding period for a stock in the S&P 500 has decreased from about 8 years in 2013 to around 4 years in 2023, indicating increased trading activity
The total assets held by pension funds worldwide exceeded $35 trillion in 2022, making them one of the largest institutional investors
The total global financial industry revenues are estimated to be over $4 trillion annually, encompassing banking, insurance, asset management, and payments
The total number of initial coin offerings (ICOs) raised over $10 billion worldwide from 2017 to 2021, representing a significant method of fundraising in crypto markets
The percentage of retail investors using robo-advisors increased from 8% in 2019 to 22% in 2023, reflecting growing trust and adoption
The global market for sustainable or ESG investing assets surpassed $35 trillion in 2022, accounting for nearly one-third of total managed assets

Financial Markets and Investment Interpretation

With over $113 trillion under management, a shifting tide of assets, including 22,000 cryptocurrencies valued at over $2.1 trillion, underscores that the global financial industry is more diversified—and perhaps more unpredictable—than ever, as professional advisories, robo-platforms, and ESG funds collectively navigate trillions through a marketplace where turnover and innovation accelerate in tandem.

Financial Technology and Innovation

The global fintech market is projected to reach $310 billion by 2027, growing at a CAGR of 25.2%
In 2021, over 2 billion people worldwide used digital banking services
Financial technology investments reached $53 billion globally in 2022, marking a significant increase from previous years
Fintech startups received nearly $55 billion in funding in 2022, indicating growing investor confidence
Over 85% of financial institutions have adopted some form of artificial intelligence or machine learning technology
The worldwide peer-to-peer (P2P) lending market was valued at about $350 billion in 2022, expected to reach over $600 billion by 2027
The adoption rate of blockchain technology in the financial industry has grown by over 200% from 2018 to 2023
The number of fintech unicorns has more than doubled since 2020, reaching over 200 in 2023
Approximately 90% of the world's population is unbanked or underbanked, indicating significant growth opportunities for financial inclusion efforts
The number of registered digital currencies or tokens officially recognized by regulators worldwide grew by 150% from 2019 to 2023, indicating increased regulatory attention
The adoption of open banking APIs has increased by over 200% from 2018 to 2023, enabling more integrated financial services
The average cost of cross-border bank transfers has decreased by 30% since 2018 due to technological advancements
The number of financial technology patents filed globally increased by over 60% between 2018 and 2022, indicating increased innovation in the sector
The percentage of financial advice provided digitally has increased from 35% in 2019 to 65% in 2023, reflecting a shift towards client self-service
Entries in the global trade finance market grew by 12% in 2022 compared to the previous year, driven by digital trade finance solutions
The number of online-only banks (neobanks) increased by over 150% from 2018 to 2023, with more than 600 worldwide

Financial Technology and Innovation Interpretation

With fintech's explosive growth—from doubling unicorns and digital currencies to slashing cross-border transfer costs—it's clear that the industry isn't just reshaping finance but boldly challenging the very definitions of banking and inclusion, all while billions remain unbanked and investors keep betting on the digital revolution.