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Industry Landscape
The FinTech SaaS industry is experiencing rapid growth, driven by increasing digitalization and the demand for efficient, automated financial solutions. SMBs are increasingly adopting cloud-based platforms for improved visibility and streamlined operations. Competition is high, with a focus on specialized tools and integrations. Data security and regulatory compliance remain key concerns.
Total Assets Under Management (AUM)
SaaS market size in United States
~200 billion USD
(15.0% CAGR)
The SaaS market growth is driven by: widespread cloud adoption, increasing demand for subscription models, and continuous innovation in software solutions.
Total Addressable Market
200 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI & Machine Learning in Financial Automation
AI and ML can automate complex financial tasks, enhance predictive analytics for cash flow, and identify anomalies for fraud detection, fundamentally changing how financial operations are managed.
Blockchain for Secure Transactions & Audit Trails
Blockchain technology offers immutable and transparent record-keeping, improving data security, simplifying audits, and potentially enabling real-time payment settlements within financial platforms.
No-Code/Low-Code Platforms for Customization
No-code/low-code development allows businesses to customize financial workflows and integrations without extensive programming, accelerating adaptation and innovation within FinTech SaaS solutions.
Impactful Policy Frameworks
California Consumer Privacy Act (CCPA) 2018 (amended by CPRA 2020)
The CCPA (amended by CPRA) grants California consumers extensive rights regarding their personal information, including the right to know, delete, and opt-out of the sale or sharing of their data.
This requires Tallied.io to implement robust data privacy controls, transparent data handling practices, and potentially invest in compliance infrastructure to protect customer data.
New York Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR 500) 2017
This regulation requires financial institutions regulated by the NYDFS to establish and maintain cybersecurity programs to protect customer data and the integrity of their information systems.
Tallied.io, as a FinTech SaaS provider, must ensure its cybersecurity measures meet stringent standards to protect financial data and maintain compliance for clients operating in New York.
Clarification on Revenue Recognition Standard (ASC 606) 2014 (effective for private companies 2019)
ASC 606 (Topic 606, Revenue from Contracts with Customers) provides a comprehensive framework for recognizing revenue, requiring companies to recognize revenue when control of promised goods or services is transferred to customers.
This policy necessitates Tallied.io to ensure its revenue recognition features are compliant with ASC 606, particularly for its project-based and subscription model clients, to support accurate financial reporting.
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