Most Innovative Fintech Trends In 2022 The Fintech landscape is evolving at a rapid pace. Each passing day brings a radical change in the financial technology (FinTech) industry. The advent of new technologies paves the way for a new world where all the financial operations will take place online. Numerous technology implementations that happened in 2020 and 2021 will continue to be seen. But, there are some new FinTech trends that we’re expecting to witness in 2021. We have already started experiencing many of the FinTech transformations on a daily basis, like when we make payments via eWallets, buy equities via stock trading apps, apply for a mortgage, and so on. Moreover, with the implementation of disruptive technologies, the horizon of FinTech is expanding quicker than ever.
FinTech after the Pandemic Many businesses across the world faced a decline in revenues and customer retention due to the Covid-19 pandemic. Only a few industries have seen an upward trend, and banking and finance technology is one of them. The fintech market saw a considerable upsurge during the pandemic. Both customers and businesses started realizing the importance of contactless payments. According to new research by deVere Group, FinTech apps in Europe have seen a massive rise of 72% due to the pandemic. The situation is quite similar in the United States. According to a survey by Plaid, 69% of Americans found FinTech apps as a lifeline during the pandemic. Furthermore, 73% of the US population states that FinTech is the new normal, and they plan to keep using FinTech apps even after the pandemic ends. FinTech apps and solutions have indeed received an overwhelming response during the pandemic. And considering the research and surveys, it will continue to increase in the future. Hence, we certainly will see a significant rise in the number of customers adopting FinTech solutions and apps to make their finances simpler, quicker, and most importantly, secure.