Malta's FinTech sector has been ranked among the top
performers by global management consulting firm McKinsey &
Company.
The 2022 report looked at three key aspects of the FinTech
sector: founding; funding; and scaling. The analysis showed that
FinTech activity was growing in all the European countries,
describing the growth in "comparatively small economies such
as Estonia, Luxembourg and Malta" as being "unexpected
pockets of strength".
The report also analysed the potential economic impact if all
the European countries were to converge with the countries in the
top third – and if they in turn were to reach the level of
performance of the United Kingdom. Jobs would increase by a factor
of 2.7, while funding would grow by a factor of 2.3.
