10 Fintech Trends for 2022/2023: Top Predictions According to Experts - Financesonline.com (2022)

The financial technology (fintech) industry—just like any other sector—is undergoing changes and facing its own unique challenges in this time of COVID-19. If you have yet to wrap your head around the idea of ordering everything from groceries to your latest gadget online, then brace for more radical transformations currently in the works in the financial industry. These fintech trends will simply impact everything that involves money, from payment to banking.

Blockchain is set to take the stage big time, pushing the capabilities of digital wallets. Nations will be happy to adopt all these tremendous technologies if regulations, security, and national standards are well in place.

10 Fintech Trends for 2022/2023: Top Predictions According to Experts - Financesonline.com (1)

  1. Digital-only banking is looming
  2. Blockchain in finance make-over
  3. AI: a natural for financial institutions
  4. Intensifying fintech regulation
  5. Payment innovations
  1. From competitors to collaborators
  2. Forward with meaningful inclusion
  3. Starting a fintech heating up
  4. China to lead the fintech revolution
  5. Smart contracts make it all work together

Fintechs Report Growth During COVID-19

Despite the chaos and uncertainties that COVID-19 brought upon economies worldwide, fintechs across the globe reported growth on average in Q1 and Q2 2020 (University of Cambridge, 2020). Though this growth was not the same for all regions. and markets, the industry as a whole was quick to respond to the challenges of the pandemic by tweaking their products and services or adding new ones based on ongoing market conditions.

However, fintechs still contend with significant headwinds in operations, fundraising, and regulatory challenges across the world. For example, before the pandemic happened, fintech startups were already having difficulties in funding as many investors chose to prioritize fintech with an established and clear business model (Deloitte, 2020). There are also interest cuts and the global slowdown of economies that fintechs need to face.

On the upside, experts believe that the fintech industry will be able to take advantage of new opportunities created by the COVID-19 crisis. The continued social distancing requirements, for instance, are pushing the need for digital payments. Digital wallets are booming with nations in a virtual scramble to set national standards.

When the pandemic began, the usage of digital wallets surged to 83%and pundits project the industry will be worth over $10 trillion a year by 2025 (TelecomTV, 2021). Moreover, 2020 saw over 779 billion digital transactions worldwide, which is expected to grow 13% in the coming years and making cash payments the least common payment method by 2022 (Capital On Tap, 2020).

Source: Capgemini, 2020

1. Digital-only banking is looming

When a bank that only exists in the virtual world offers global payments, P2P transfers, contactless MasterCard with free transaction fees—and a chance to buy and exchange Bitcoin, Ethereum, and other cryptocurrencies—the financial world is quick to notice.

And notice Revolut they did. Revolut is one of the digital-only banks fighting for customer space in terms of money and membership. It is joined by Moven, Monese, HelloBank, FirstDirect, and the aptly named Digibank among dozens of others (The Financial Brand,2021).

Digital-only banks have a lot going for them: there’s no need to spend one moment to visit any brick-and-mortar bank, no lines to test your patience, and no agonizing paperwork to deal with. And they’re growing in numbers and revenueall over the world (Global Market Insights, 2019). They’re also one of the major reasons visits to bank branches are set to drop 36% from 2017-2022 (The Financial Brand, 2021).

Also, you can reset pins at the comfort of your home, snap-a-pic bill payment, access convenient expense management tools and quick balance review features, and get real-time analytics when you use digital-only banks.


Don’t rush to register into any of these fintech disruptors, however. Consider that like other businesses, they have their own drawbacks: they’re bound to be prime targets of the financial fraudsters lurking all over the internet. In an age when financial fraud is the leading internet crime worldwide, this should weigh heavily on your decision.

Digital-only banks might be superbly cheaper and more convenient but what happens to customers when they ran into problems and can’t seem to settle everything online? In traditional banking, customers can at least force themselves to get out of their homes and storm the nearest bank branch to settle matters.

Here the solution is in partnership with traditional banks, where customers can shift to traditional and digital banks at their convenience.

How firmly digital-only banks fix themselves on the financial market will decide if they’re just a passing fad or something that would become an absolute necessity for generations to come.

Considering that the digital transformation still has to peak, digital-only banks have ample time to correct their sails and land squarely on terra firma.

  • Digital-only banks are popular for a number of reasons, one of which is convenience banking
  • Visits to banks will drop by nearly 40% thanks in part to digital-only banks
  • Having no physical address can become an issue when customers need to settle ongoing problems with a digital-only bank.

2. Blockchain in global finance make-over

Fast, truly global in reach, and with low processing fees, blockchain remains on the path of totally changing the face of financial transactions worldwide. It has the potential to boost the global economy to $1.76 trillion over the next decade with the two top nations—China ($440bn) and the US ($407bn)—benefiting the most from the technology (PwC, 2020).

When it comes to the sector that has the highest distribution of blockchain market value, the banking industry rules with a 29.7% share. Followed by process manufacturing (11.4%), discrete manufacturing (10.9%), and professional services (6.6%) (IDC, 2020).The bullish rush by investors to increase the reach of blockchain services is of course easily matched by the ever-increasing adopters of blockchain wallets, which now stands at 40 million worldwide (Statista, 2021). To give you a perspective, that stood at just 11 million in 2016.

Another analysis by PwC suggests that 2025 will be the tipping point when blockchain technologies will be adopted at scale across economies worldwide. Currently, tracking and tracing of products and services is the top priority of many companies as the COVID-19 pandemic rages on. Other key application areas include payments and financial services, contracts and dispute resolution, and identity management (PwC, 2020).

Source: Statista

  • Financial services companies are increasing investments to catch up with blockchain innovations.
  • Blockchain has the potential to boost the global economy to $1.76 trillion over the next decade.
  • China ($440bn) and the US ($407bn) have the most potential to benefit from advancements in blockchain.

3. AI: a natural for financial institutions

With bank revenues exceeding the incomes of nations, it is no surprise that they are the first to embrace AI. Now banks are going further by fine-tuning their AI solution strategies. This will drive the wider adoption of AI in the sector further.

AI is projected to reduce bank operating costs by 22% around 2030. That could mean savings to the tune of $1 trillion ahead.

The path to this outlook is not straightforward, however. Just like the rest of global employers, banks are staring at a short supply of professionals skilled in everything AI (8Allocate, 2019).

AI professionals are just the tip of the iceberg in global manpower as current HR statistics show.

With its ability to work with unstructured data, AI is well poised to deal with the growing incidence of cybercrimes, financial fraud threats among them.

AI is already a hit with the best customer service softwareusing chatbots and other smart systems. Financial institutions will be no exception, allowing for faster transactions and giving customers the convenience they demand.

10 Fintech Trends for 2022/2023: Top Predictions According to Experts - Financesonline.com (2)

  • Banks and other financial institutions will increasingly rely on AI to handle large transactions.
  • By 2030, banks can realize $1 trillion savings.
  • AI is already finding many financial applications, including security and customer service.

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4. Intensifying fintech regulation

The financial sector is one of the heavily regulated industries in the world. The entry of blockchain will further earn it the attention of governments all over the world.

Expectedly, countries would be nervous with a spate of headline-grabbing financial breaches (Data Insider, 2019). While blockchain investors will complain about regulations not created for them in the first place, no one would deny that security is a prime concern no matter the type of financial services.

In the age of digital banking, one topic that regulators would scrutinize closely is the question of data ownership. Nations will address this question at their own pace.

The ideal outcome is a set of national standards comprehensive enough to calm the nerves of businesses and consumers alike.

  • Expanding cybersecurity threats will prompt nations to intensify fintech regulations.
  • Blockchain is adding another dimension to fintech regulation.
  • Countries will address fintech regulations at their own pace, with a view for national standards.

5. Payment innovations

Payment innovations in fintech have multiple components. These are mobile payments, contactless payments, mobile wallets, smart speaker systems, identity verification technologies, AI, and machine learning for security.

Based on figures from 2020, the biggest trend in payment innovations is the rise of mobile payments, especially during the COVID-19 pandemic when more transactions shifted online (PaymentsJournal, 2020). But it’s not just online purchasing that is covered by mobile payments. In-store transactions are also projected to rise to more than 2.7 billion by 2022, which will push the global ecommerce transaction value to over $5.4 trillion by 2025 (Payvision, 2020).

The first truly digital natives, Gen Zers, will also figure a lot in the conversation of payment innovations. As it is, they are the first generation to see the onset of cashless transactions and are thus more at home with these innovations.

10 Fintech Trends for 2022/2023: Top Predictions According to Experts - Financesonline.com (3)

  • Digital wallets, mobile payments will drive fintech payment innovations.
  • The biggest trend in payment innovations is the rise of mobile payments, especially during the COVID-19 pandemic
  • Gen Zers will be a prominent driver of payment disruption.

6. From competitors to collaborators

We mentioned that digital-only startup banks will most likely bump into consumer concerns. In addition, they will certainly go back into the financial regulations that they will find too complicated to work with.

Meanwhile, established banks and other financial institutions will be looking at the technological innovations that the startups are bringing to the table. They are already making a serious dent in the markets and would love nothing but to shake up the entire financial industry anywhere on the planet.

Who’s to blink first then? Each player old and new has something the other offers that each lacks.

The easy answer is working together, bringing a new dimension to the commonly overused concept of collaboration in the process.

Established names in the banking industry are in fact looking to gain a foothold in these financial upstarts. One way to do that is by investing in these digital startups.

Goldman Sachs has just done that with Elinvar, giving it a stake in the digital banking space (Finextra Research, 2019). Goldman Sachs is not alone. Visa also launched an investment fund for fintech startups and it is expected to add weight to Visa’s thrust in the digital banking market (MarketWatch, 2020).

A more direct approach is of course via partnerships. Who’s doing it now?

US-based CBW Bank has partnered with fintech Moven to provide real-time insights to their users. Visa has done it with Ingo. The value of the partnership involves erasing paper checks at a modest $33 trillion value. Yes. Modest indeed.

How far is this collaboration trend going? PwC sees 82% of current financial service providers increasing partnerships within the next five years.

  • Recognizing the need for working together, fintech startups and established names will strive to work together redefining the financial industry.
  • Old names in the financial can sector can opt to invest in fintech startups to gain a foothold in the nascent digital-only banking industry.
  • Going into a partnership is another option, as Visa collaborating with Ingo shows.

7. Forward with meaningful inclusion

Fintech promises tremendous benefits not only to nations but also to individual consumers. There is just one problem: how to integrate socioeconomic elements who until now have only cash to trust for their financial transactions?

Fintech if done without proper planning would push already marginalized players further away from the mainstream. Stuck adrift out of mistrust for new technologies, they call for nations and major players to find a middle ground somewhere.

The establishment of the Alliance for Financial Inclusion (AFI)—itself an offshoot of the Maya Declaration—is a concrete step towards ensuring that fintech does not leave out large sectors of societies as it moves ahead rapidly transforming the global economy.

Fintech should help many currently marginalized socioeconomic profiles to gain access to financial services to work in their favor. They wouldn’t have to wait days to years to do so, a cause of past frustrations for many of them.

Aside from AFI, there’s the Consultative Group to Assist the Poor (CGAP) that in 2016 worked with 18 fintech pilots in Africa and South Asia. The success and failure of this undertaking exposed areas where nations, businesses, and investors can work further to ensure that these sections of societies could participate in the economic gains taking place without them.

But perhaps the biggest initiative in this direction is the one spearheaded by Accenture and Microsoft in 2017. The initiative sought to provide a blockchain-based ID network for illegal aliens, refugees, and people who do not possess any government-issued documents. This is a massive undertaking, affecting no less than 1.1 billion people worldwide.

  • Inclusion is a pressing concern for nations, businesses, and investors alike.
  • There is much in fintech that should help marginalized sections of societies.
  • Nations are not sitting down on the issue. AFI and CGAP, among others, are actively pushing measures to set the rules for fintech inclusion in this section.

8. Starting a fintech heating up

It’s easy to get caught up in the upswing of business ventures. The lava-hot reception that fintech startups are getting is no exception. If you’re itching to get into the field, however, don’t rush barging just yet. Why?

As we mentioned earlier, fintech startups were already experiencing challenges in funding even before the pandemic. That’s because investors are not going to rush into the negotiating table with you. Having seen plenty of action in the field—not all of it rosy—they want to see that you get your business fundamental in the right order the first time. They are training their keen eyes on later-stage ventures that have shown some traction in the market.

This new attitude among venture capital providers means that early-stage fintechs will not get the same warm reception that their earlier counterparts did. A study by CB Insights revealed a 2% and 13% drop in year-over-year funding and activity for fintech (CB Insights, 2021). Despite this, however, many fintech companies still managed to establish themselves amind the pandemic. A study by Boston Consulting Group revealed that as of February 2021, there has been an increase in fintech startups in North America (increased by 1830); Europe, the Middle East, and Africa (increased by 1926); as well as the Asia Pacific region (increased by 1364) compared to 2020 figures (BCG, 2021).

Source: BCG, 2021

  • While investment in fintech is booming as a whole, not much of it is going early-stage startups’ way.
  • The sharp ups and downs experienced by fintech have made investors more careful in their investments.
  • Investors have set the bar high for fintech, looking at the lines where returns are clearly outlined.

9. China to lead the fintech revolution

From wealth management, lending, to payment, fintech has left no stones unturned, penetrating every financial services segment everywhere. Fintech attackers and collaborators are everywhere on the planet. But as it stands now, China simply emerges as the first among equals in many respects. Listen to any fintech conversation anywhere in the world and one country will simply dominate the rest: China.

And it’s hard to match China’s leadership in almost all fintech categories right now, as the next figure shows.

Source: BI Intelligence, 2019

In a country where there are more internet users (800 million, 98.6% of them using mobile) than the combined population of the US, Russia, Mexico, and Japan—and more than any country in the world—the Chinese fintech juggernaut is hardly any surprise.

Consider too that China leads the world in ecommerce (SIFMA, 2019). Its ecommerce market is valued at $1.9 trillion USD in 2019 compared to the $343.15 billion of the US, for example (Statista, 2020; Tenba, 2020).

When you combine all of that together, it’s hard to look further away than China when it comes to the country that is set to hold fintech by the scruff of the neck. Unless, of course, India decides to do something about it.

  • All indicators point to China leading the global fintech industry.
  • The view is helped by the number of Chinese internet users with a substantial percentage already using mobile for payments.
  • The rate of investment in China is higher than the rest of the world too.

10. Smart contracts make it all work together

Without going to the deep technological, legal, and philosophical underpinnings of contracts, smart contracts simply digitalize trust in a way that makes transactions robust, safe, and enforceable anywhere. If fintech is to move forward, fintech is the engine that makes it possible.

How would smart contracts achieve it?

Consider two parties who agree to enter any transaction. Traditionally, they would get a lawyer to fix the terms of the contract on two pieces of paper. Once that is done, they would call witnesses to see that the signees faithfully deliver their end of the agreement. Any breaches and they’re liable to any legal action filed against them.

In smart contracts, parties sign a smart contract using cryptographic keys as a digital signature. Instead of paper, the contracts are encoded in computer language. The codes are virtually tamper-proof. They are also guaranteed to execute in a precise, predictable manner.

The smart contract analog for witnesses comes in the form of numerous computing devices that receive the same copy of the first digital contract. This virtually makes it impossible to breach the authenticity of the contract. Not only that, these devices—now comprising what is called a public blockchain—would see to the execution of the contract until the full terms are satisfied.

You can imagine how smart contracts do away with many inconveniences associated with traditional contracts. This further speeds up fintech transactions from anywhere in the world and practically any time.

  • Fintech will not be going anywhere without smart contracts.
  • Smart contracts go beyond national borders, making them accessible to virtually anyone.
  • Smart contracts are extremely robust in terms of trust and execution.

Our collective future is fintech

From the foregoing, it’s easy to see that fintech is going to revolutionize the financial sector in many ways, from increasing the use of payment gateways to providing credits and helping people across the globe conduct business and personal transactions amid COVID-19. With the much easier account setups and no-fuzz transactions, fintech will also boost ecommerce everywhere.

The steady population growth rate from the likes of China and India will further drive fintech to territories unknown. When you consider that this is coupled with increasing computing and internet penetration, then there’s just the looming likelihood that the current generation could expect to see fintech vastly different from it is now, say in even five years’ time.


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  2. Deloitte. (2020, November 5).Beyond COVID-19: New opportunities for Fintech companies. Deloitte United States.
  3. Warwick,M. (2021, January 26).Massive uptake of digital wallet payment systems being driven by COVID-19. TelecomTV.
  4. Capital on Tap. (2020, November 3).The rise of digital wallets. Capital on Tap.
  5. Pilcher,J. (2018, November 29).25 digital-only banks to watch. The Financial Brand.
  6. Global Market Insights. (2020, October 8).Digital banking market trends | Global share forecast report 2026. Global Market Insights.
  7. Pilcher,J. (2017, July 12).Downward trend: Bank branch traffic declining 36% by 2022. The Financial Brand.
  8. PwC. (2020, October 13).Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust. PwC.
  9. IDC. (2020, September 14).Blockchain solutions will continue to see robust investments, led by banking and manufacturing, according to new IDC spending guide. IDC.
  10. Blockchain. (2021, February).Blockchain charts. Blockchain.
  11. PwC. (2020, October 13).Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust. PwC.
  12. 8allocate. (2019, March 12).Global AI skills crisis and how different nations tackle the issue. 8allocate.
  13. Zhang,E. (2019, May 8).The top 10 FinServ data breaches. Digital Guardian.
  14. Keates,S. (2020, October 27).The future of consumer payment methods in a post-covid-19 world. PaymentsJournal.
  15. Payvision. (2020, September 9).Mobile payments market trends 2020-2025. Payvision.
  16. Finextra Research. (2019, May 15).Goldman Sachs invests in German fintech startup Elinvar. Finextra Research.
  17. Bary,E. (2020, November 18).Visa’s fintech ambitions go beyond pending plaid deal. MarketWatch.
  18. CB Insights Research. (2021, March 9).The state of Fintech report: Investment & sector trends to watch. CB Insights.
  19. BCG. (2021, February).Number of Fintech startups globally by region 2020. Statista.
  20. DeSimone,C., Killian,C., & Price,T. (2017, November 20).From potential to impact: How Fintech is changing operations. SIFMA.
  21. Statista Digital Market Outlook. (2021, March 22). U.S. e-Commerce market size 2016-2023. Statista.
  22. Tenba. (2021, February 15).China E commerce market trends with Tenba group. Tenba.

10 Fintech Trends for 2022/2023: Top Predictions According to Experts - Financesonline.com (4)

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.


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Artificial Intelligence (AI)

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The internet of things

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By this measure the United States is the undisputed leader, as it is the home of the world's biggest technology companies.

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Among FinTech challenges in 2022, lack of tech expertise is almost the main one. The development of high-quality and safe FinTech solutions, such as banking apps that will also have smooth functionality, ultimately requires in-depth expertise and solid background.

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There are two main types of fintech users, namely consumer and business users. These two, there are four common, function-specific fintech user categories today.

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FinTech, short for Financial Technology, is the innovative use of technology in the design and delivery of financial services. It's transforming finance through a broad range of uses and technologies, from artificial intelligence and blockchain to digital payments and roboadvisors.

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In 2022, 82% of financial companies state they are planning to increase their fintech partnerships, showing an overwhelming level of confidence in technology as the future of finance. Meanwhile, 67% admit that failure to invest in a digital future means that there won't be much of a future to consider.

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The fintech blockchain market is expected to reach a valuation of $36.04 Billion by the end of the year 2028. Decentralized Finance (DeFi) would be an emerging financial technology based on blockchain that reduces the control of banks on financial services and money.

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Fintech Landscape

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According to the recent report by Findexable, the USA, the UK, Singapore, Lithuania and Switzerland take the lead and form top 5 countries that drive fintech innovation forward.

What are some popular fintech concepts? ›

Fintech covers all financial services, which means technologies like payment innovation, investing, foreign exchange, cryptocurrency, chatbots, robo-advice all fall under the fintech umbrella.

What is the fastest growing financial sector? ›

Digital assets, or cryptocurrencies, are the newest and fastest growing sector of financial services, and a whole new asset class.

Which company is growing rapidly? ›

RankCompany NameNet Profit growth(%)
1Sulzer India163.4
2Oil Country Tubular212.7
3Tata Sponge Iron159.8
4Zydus Wellness166.9
65 more rows

What is the fastest growing technology field? ›

1. Full-stack Developer. Full-stack developers are expected to have 8.53 million vacant job vacancies by 2024, making them one of the fastest increasing occupations in the coming years.

How fast is FinTech growing? ›

From 2015 to 2019, FinTech adoption was doubling every 2 years. Now 96% of consumers know at least one FinTech service and ¾ of them have used one before. According to Market Data Forecast, the global FinTech market is projected to reach $324 billion by 2026, growing at a CAGR of 23.41%.

Which sectors will grow in next 5 years? ›

Top 5 Sectors to invest in, in 2021
  • - Banking: A number of sectoral mutual funds have increased their allocation in this sector of the economy, resulting in a higher proportion of banking and financial stocks in the market. ...
  • - Infrastructure: ...
  • - Pharmaceuticals: ...
  • - IT/ technology: ...
  • - Chemicals: ...
  • Conclusion.

Which sector will grow after 10 years? ›

In this post, we are going to discuss the five best sectors for long-term investment in India for consistent returns or industries expected to grow in the next 10 years in India. So, let's get started.
2. FMCG (Fast-moving consumer goods)
Company NameMarket Cap (Rs. Cr.)
Britannia Industries88,000
5 more rows
2 Feb 2022

Which sector will grow most in future? ›

List of the Top Sectors in India that are Most Likely to Provide Excellent Returns-
  1. Healthcare and Insurance Sector. ...
  2. Renewable Energy Sector. ...
  3. IT Sector. ...
  4. Real Estate Sector. ...
  5. Fast Moving Consumer-Goods Sector (FMCG) ...
  6. Automobile Sector.
19 May 2022

Which company is best for future investment? ›

Best Long Term Stocks India: Performance Overview
  • 1) Reliance Industries. ...
  • 2) Tata Consultancy Services (TCS) ...
  • 3) Infosys. ...
  • 4) HDFC Bank. ...
  • 5) Hindustan Unilever.
19 Sept 2022

Which startups are booming? ›

Scroll down to read our list of 25 fast-growing private companies in 2022.
  • OnlyFans. 5-year search growth: 8700% ...
  • StackBlitz. 5-year search growth: 99X+ ...
  • Linktree. 5-year search growth: 99X+ ...
  • Fandom. 5-year search growth: 457% ...
  • Lalamove. 5-year search growth: 700% ...
  • Preply. 5-year search growth: 1500% ...
  • Labster. ...
  • Oura Ring.
15 Sept 2022

What are the two fastest growing industries? ›

Fastest-Growing Industries
RankIndustryPercent Change
1Motion Picture and Video Exhibition139%
2Performing Arts and Sports Promoters92%
3Scenic/Sightseeing Transportation, Land91%
8 more rows

What is the most promising new technology? ›

Here are some of the top technology trends for 2022:
  • Artificial Intelligence (AI) and Machine Learning (ML)
  • Robotic Process Automation (RPA)
  • Edge Computing.
  • Quantum Computing.
  • Virtual Reality (VR) and Augmented Reality (AR)
  • Blockchain.
  • Internet of Things (IoT)
  • 5G.
17 Aug 2022

Which technology is best in future? ›

Listed Below Are the Top New Technology Trends, 2022.
  • Computing Power.
  • Smarter Devices.
  • Quantum Computing.
  • Datafication.
  • Artificial Intelligence and Machine Learning.
  • Extended Reality.
  • Digital Trust.
  • 3D Printing.
23 Sept 2022

Which technology will grow in future? ›

These technologies could have huge benefits for many companies – but they will also create big challenges.
  • Mobile Internet. ...
  • Artificial Intelligence. ...
  • Virtual and augmented reality. ...
  • Cloud technology. ...
  • Internet of Things. ...
  • Advanced robotics. ...
  • Biometric technology. ...
  • 3D printing.

What is the next big development in fintech? ›

Artificial Intelligence (AI)

AI software for financial companies will allow for faster transactions. It's also helping financial banks handle large transactions. AI is great for customer convenience too. Customer service software uses chatbots and other smart systems to guide users.

What are the latest trends in fintech? ›

With the cloud, financial companies get scalable storage and large computing power at competitive prices. The cloud supports open banking and the digitalization of the FinTech industry.

What are the top three fintech trends you find exciting? ›

Top financial services industry trends
  • Solutions to support financial literacy. It is the users' pains, needs, and demands that drive the development of the financial industry. ...
  • Biometric security systems. ...
  • Autonomous finance. ...
  • Open Banking. ...
  • Digital-only banks. ...
  • Voice technologies. ...
  • RegTech in financial services.

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