There’s always tons of noise about the value of the fintech, but not a lot of reliable and accessible data. So TradingView has created its own Global Fintech Index of 66 listed fintech stocks to help you see exactly how the industry is performing.
Here are 4 key charts highlighting fintech’s performance in 2023.
Fintech has experienced a volatile year, but is up circa 17% YTD.
Although it’s still down by over 23% from its peak in 2021.
And compared to the wider tech sector, fintech has lagged. The Nasdaq Composite Index has outperformed fintech by 20% YTD, partly thanks to the incredible growth of AI focused stocks.
But fintech has fared better than banking this year. Global bank stocks are up by just 3% YTD vs 17% for fintech.
We hope this index will help you get a better idea of the fintech industry’s performance. And here’s an early Christmas present from TradingView — you can get the Global Fintech Index in our Symbol overview widget!
Please note: all figures are accurate at time of writing, but may have changed by the time you read this blog.