What fintech trends are ahead of us in 2019?
The expression “fintech trends” refers to enterprises that use new technologies in the banking and financial services sector. One of the important trends in the field of fintech in 2019 are cashless payments. The proliferation of smartphones and stable internet connections in developing countries motivates users to choose digital payments instead of cash. Governments seeking to reduce fraud are also interested in reducing cash flow. In addition, financial services companies will invest more in portfolio management tools that offer personalized analysis and predictive capabilities.
Further finech trends relate to the field of security. Fintech has great potential to change the banking sector’s approach to security issues, such as fraud prevention. This means that consumers will be protected, which will give them peace of mind. In 2019, there will be many new services to protect against financial fraud, in particular, vulnerable groups such as seniors or teenagers. Another emerging fintech trend is biometric technology that organizations implement to safeguard their products. The idea here is to increase the efficiency and security of fintech applications without having to rely on traditional logins and passwords.