Article updated on March 16, 2021
The fintech ecosystem has started to progress rapidly over recent years. Global investments in financial startups were 10.631 billion in 2020, which is the second-best tally since mid-2018.
According to FinanceOnline, the global fintech services market is forecast to reach $26.5 trillion in 2022. Medium reports companies using robotic technologies for banking objectives obtained ROI of 100% during 3-8 months in 2020.
For businesses, it is important to remain aware of all challenges and take advantage of 2021’s key fintech trends to stay at the top of the game and create new markets.
So, in this article, we are going to:Uncover the main challenges the financial industry facing; Discuss hot fintech industry trends in 2021.