Fintech mobile app development solutions can work wonders for growing businesses of startups and small to mid-sized finance companies. Read on to know the top trends of the fintech industry for the year 2021.
2. QUICK FACTS
33.9BN USD
Total Value of Fintech Investments
Worldwide is
20.4BN USD
Fintech Investments in the Most
Recent Quarter Worldwide is
56%
Fintech Adoption Rate for Banking
and Payments SMEs Worldwide is
75%
Consumer Fintech Adoption Rate
for Money Transfer Worldwide is
3. These are digital-only banks that redefine
banking with low fees and dynamic deposit
products for customers.
RISE OF NEOBANKS
4. Personal finance companies offer financial
planning in an affordable way through
customized applications.
FINANCIAL ADVICE APPS
5. Many fintech apps offer features related to
cryptocurrency to ensure safety and
privacy protection.
CRYPTOCURRENCY
6. Third-party service providers can
give open access to consumer
banking, transactions and other
data through APIs
OPEN BANKING
7. In this digital age, people are concerned about
privacy protection. Here, biometric security is
essential.
BIOMETRIC SECURITY
8. This futuristic technology now helps
fintech industries prevent frauds and give
excellent customer services.
ARTIFICIAL
INTELLIGENCE (AI)
9. This trend will gain popularity as it reduces the
end-user's dependence on finance-related
hardware.
VOICE-BASED COMMERCE