Fintech has now become highly visible and with digital banking, electronic wallets, crytpocurrencies and other innovative financial solutions powered by technology, it’s hard to ignore. A report by PWC recently concluded that global investments in fintech have more than tripled since 2014 to over 12 billion US dollars. Mainstream adoption of these technologies is here.

Still, most people are only aware of fintech trends that are highly visible or directly affect their daily lives. However, there are numerous developments in fintech that are not visible to the average consumer but which are transforming playing fields, nonetheless.

In this article, we’ll look at 3 fintech trends you may have missed.

Secured with Blockchain

The popular media usually refers to blockchain in connection with cryptocurrencies. However, although cryptocurrencies use blockchain, blockchain itself can exist as an independent technology.

Blockchain is a distributed ledger technology; which means it’s a decentralized network that allows for data security to be guaranteed as it is secure and unalterable. This provides an accessible and economical solution for financial services companies to secure their networks and ensure that the integrity of their data is maintained.

For a deeper understanding of blockchain, see here.

Blockchain technology is also driving greater levels of inclusion in the financial system for unbanked populations. The technology allows for the creation of safe, easy and secure online identities that can allow more individuals than ever before to be included into the financial system. Globally, there are huge markets of unbanked populations that can be tapped into using this technology, particularly in emerging markets.


Keeping up with and maintaining regulatory compliance is a huge task for financial services organizations. This has presented an opportunity for technology driven solutions for maintaining and tracking compliance. These solutions have come to be known collectively as regtech and this technology will likely become an essential part of the financial services industry within the next few years; Reuters estimates that the industry will grow to up to 120 billion dollars by end 2020.

Financial services companies spend billions each year on regulatory and compliance related operations and management. Regtech will help reduce this burden and streamline operations, particularly with regard to tracking financial transactions in real-time, creating accurate financial reports, reducing risks associated with money laundering and terrorist financing, cutting costs associated with manual data management, and increasing data security amongst numerous other benefits.

With regulations and compliance requirements only becoming more stringent and complex with each passing year, regtech is providing financial services providers with a powerful tool to remain on top of it all.

Artificial Intelligence & Machine Learning

End-users will already have experienced the versatility of AI and machine learning through various chatbots and other features used in modern fintech solutions. These allow for human like, conversational interactions with the platform along with real-time AI powered customer support.

But behind the scenes too, AI and machine learning are creating a revolution as they assist financial services companies gather and analyse vast troves of data. This is providing financial services organizations “superpowers” that allow them to anticipate customer needs better, manage risk better and become aware of emerging trends and red flags as early as possible.

AI also powers robotic process automation (RPA), another area of the behind-the-scenes revolution currently on-going in the financial services industry worldwide. RPA is used to automate repetitive human processes to obtain maximum operational efficiencies and these solutions are able to provide massive ROIs for companies that implement the technology effectively.

A Final Word

Whether visible or invisible, fintech is driving a revolution in the financial services industry; creating a more secure, open and inclusive space for all. Companies that do not embrace the fintech revolution are missing out on a world of opportunity.