FinTech Trends

In recent years the growth of FinTech companies has been astonishing. Аccording to the latest statistics, currently there are more than 26 000 financial technology companies with 500 000 employers worldwide. In the world of finance, top trends in FinTech have revolutionized several industries, from payments to consultancy services. About 30% of all banking customers use at least one financial service from the top of the latest trends in FinTech which we are going to discuss further in the article.

Why Fintech Is At The Peak Of Popularity

Almost all of us in our daily life have noticed the significant and radical changes the finance industry is undergoing. This industry called FinTech thanks to the efforts made by IT companies gained popularity and became successful for clients and institutions. Such innovations as smart apps in 2022 FinTech trends now help people to pay for goods and transfer money online, check an account balance, get loans, deposit and withdraw funds, etc. The innovativeness, customer-centricity, simplicity and lack of legislation result in increased popularity of trends in FinTech.

Top Trends In FinTech

A rapidly evolving financial services create new platforms and infrastructure for the industry’s next generation. These transformations on the landscape of FinTech impact everything related to money, payments, and banking. Let’s take a closer look at each trend in FinTech with the noticeable adoption rate.


Blockchain technology has completely changed the way the FinTech industry operates. With this advanced technology behind Bitcoin and other cryptocurrencies, transactions are done in a secure and safe manner. However, it can be also used for many more applications. In this regard, banks and financial institutions are readily adopting the potential of blockchain technology and are engaged in its implementation with the maximum use of benefits. They are looking to increase their investment in blockchain technology to reduce expenses, ensure the security of cross-border payments and end-to-end protection of information stored, and enhance internal procedures.

Digital Banking Services

The fintech firms called Neobank provide digital banking services including apps and software to streamline mobile and online banking. They generally specialize in particular financial products and are more transparent. These fintechs are often compared to digital disruptors in other industries functioning only online, communicating with clients and providing services without offices, branches and affiliates.


The main difference between Neobank and traditional banks is that the first does not have physical offices where you can take a loan or open a bank account, everything can be done through the e-wallet on your phone or website. Digital wallets are increasingly popular alternatives to card payments and cash. According to Bloomberg, they are used for 45% of e-commerce and mobile transactions and could, at some point, take over most of the payments market in the world.

Crypto Wallets

Thanks to FinTech companies interest in cryptocurrencies is at an all-time high as users are now easily able to open crypto wallets and purchase currency through mainstream applications. FinTech giants start to provide to users the alternative currency thus widening their customer-base as well as allowing simple and legal access to a very large amount of people and offering a major position of advantage to crypto. Lower transaction fees, fewer risks, the use of crypto ATMs, the ability to change crypto into cash and cash into crypto through crypto wallets are appreciated by both merchants and businesses.

Biometric Security Systems

New trends in FinTech have brought banking at our fingertips. But this accessibility has caused serious problems with security, increasing the instances of cybercrimes in this field related to banking. FinTech companies have found measures which are called biometric security systems. It provides users and institutions with the confidence that the data is protected and safe.

WEB 3.0

Web3 is designed to solve many of the shortcomings in applications development and interaction. In web3, developers typically don’t create or deploy applications that run on the same server or store their data in the same database. Instead, Web3 applications run either on a blockchain, or in decentralized networks of multiple peers (servers), or a combination of these two technologies that form a cryptoeconomic protocol. Such applications are often referred to as dapps (decentralized applications).

Web3 improves the Internet by adding several important features: verifiability, trusted centers are not required, no permissions required, distribution and reliability, native payments.

Smart Contracts

Currently, smart contracts provide numerous benefits for the financial services industry, for instance, they improve the security by eliminating third parties or increase efficiency making transactions faster and fees lower. Smart contracts are often associated with blockchain technology, however, they deserve their own category.


Gamification is the modern tool for financial institutions designed to encourage customers to track spending habits through progress bars or events. These game mechanics engage customers in doing specific tasks with use of badges or personal scorecards and provide positive feedback for financial decisions.

Virtual Reality

Through virtual reality used in financial technology people are able to trade currencies, invest in stocks, monitor market real-time movements and make investment decisions. The use of this modern technology for investments and exploring its potential will help to turn virtual reality to an industry with turnover of more than $80 billion.

Artificial Intelligence (AI) and Machine Learning

Another top FinTech trend which makes the lives of businesses and consumers much easier is artificial intelligence (AI) and machine learning. Banks across the world are now looking to incorporate AI in their operations. AI helps institutions to deploy “robo advisors”, or assess a credit applicant’s risk through the advanced algorithms, and handle customer FAQs through chatbots. Performing many other functions AI frees up employee time to focus on customer service needs and company main tasks.

Autonomous Finance

Autonomous finance is a system of devices and machines which make it easy to perform financial transactions or other automated actions without the involvement of humans. Such activities include automatic payments for insurance premiums, fund management or automatically payout for “flight-delay” according to insurance policies.

Blockchain Technology And Crypto As The Main FinTech Trends

The latest FinTech trends and innovations show that customers are more comfortable to manage their business or money online. That is why the fintech investments increase and this sector is red hot. Startups and mega-corporations are embracing the agility and flexibility of fintech solutions to develop innovative financial products helping people manage their money in new ways. Blockchain is one of the current FinTech trends whose potential benefits are growing. Here are some blockchain technology and crypto benefits.

Relies On A Distributed Database

Blockchain relies on a distributed database that means all the information is duplicated on each copy of the database. You can go into the blockchain ledger and prove the transaction occurred because it’s immutable. As long as the record lives on the distributed ledger, you can be assured it hasn’t been modified or corrupted. In the financial services industry there are many sectors that drive performance by using this blockchain technology to increase transaction transparency and speed.

Eliminates The Need For A Intermediary To Do Asset Transfers

If we talk about blockchain technology as a fintech, it actually eliminates the need of a central intermediary to transfer the assets that aren’t limited to money. They could be vehicles, titles, home sales, etc.

Reducing The Waiting Time For Settlements

Another noteworthy feature is that blockchain creates efficiency. Payment transactions going through a central intermediary for authentication and person authorization take two or three days while the blockchain compresses the steps and eliminates the time for settlements.

Get More With Baxity

And now let’s look at the newest trends in FinTech – cryptoprocessing and vouchers.

1. Cryptoprocessing is a modern payment tool and novelty that allows payment for goods or services online not with fiat money through bank accounts or payment systems, but with cryptocurrency. This payment method is convenient not only for people making purchases online with crypto, but also for sellers who integrate it into their websites.

Accepting payments from clients with cryptocurrency, merchants save on commissions, and also increase the number of buyers. Thanks to cryptoprocessing, the customer base and, accordingly, the company’s profit are growing.

But how to accept payments with crypto on websites? The best solution is Baxity that helps to integrate the cryptoprocessing for free. A personal manager together with a team of developers controls every stage of integration in real time. To start, fill out an application form on the Baxity website, then go through a preliminary check of KYB – “Know your business”, and agree on the terms of cooperation.

2. As per vouchers Baxity Store is a platform where you can easily buy prepaid cards, e-vouchers, coupons and gift cards of your choice. This new trend in FinTech is important for those who buy crypto, make payments online and don’t want to share personal information or bank details. Taking into account these criteria, Bitnovo Coupons and Crypto Voucher deserve special attention.

Your Crypto Voucher virtual prepaid card balance can be exchanged for one of the cryptocurrencies available on the service payment list. With Bitnovo Coupons it is easy to buy bitcoins or other cryptocurrencies managing them with security, as well as to top up the card and redeem coupons, which you can buy in 40 000 points of sale. Learn more on what to choose: Bitnovo or Crypto Voucher.

Bottom Line

Fintech is a rapidly evolving industry that makes financial services better and develops FinTech future trends each year. These top FinTech trends could give you new insights for your organisation’s future growth and help you stay ahead of your competition. They result in better transparency, improved assistance to the client, faster transaction processing, and enhanced availability of financial data. The FinTech revolution is gaining tremendous traction and in 2022 it’s all set to further disrupt the banking and payments industry.

Frequently Asked Questions

What Are The Top Trends In Fintech?

The predictions or FinTech trends that we mention above might not necessarily be new and they are as follow:

  • Blockchain
  • Digital Banking Services
  • E-Wallets
  • Biometric Security Systems
  • WEB 3.0
  • Smart Contracts
  • Gamification
  • Virtual Reality
  • Artificial Intelligence (AI) and Machine Learning
  • Autonomous Finance

Why Is FinTech Trending In 2022?

The demand for app and internet based financial services, the proliferation of remote working, e-commerce, e-learning and the desire for convenience become the main drivers for FinTech growth in 2022. A large majority of banks, insurers and investment managers around the world intend to increase their partnerships with FinTech companies and expect an average return on investment of 20% on their innovation projects.

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