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Banking, Finance & Insurance sector in Bulgaria
Amid economic fluctuations, this sector demonstrates resilience, fueled by digitalization initiatives and stringent regulatory compliance.
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.market overview
Digital banking services are gaining traction in Austria, with a growing number of consumers embracing online banking platforms and mobile payment solutions for their convenience and accessibility. Banks are investing in digital infrastructure and cybersecurity measures to meet the evolving needs of customers in an increasingly digital world.
39,93 %
.average value added in the sector
71.9
.gross profit margin
3882.1
.total number of active firms
24153.6
.turnover per company
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Market structure
Fintech innovation is reshaping the banking landscape in Austria, with startups disrupting traditional banking services by offering innovative solutions such as peer-to-peer lending, robo-advisors, and blockchain-based payment systems. Established banks are partnering with fintech companies to leverage their technology and expand their service offerings.
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