Trends in FinTech

Major trends identified in a 2020 blog post about the future of FinTech are predicted to continue shaping the industry. Products have largely transitioned from being mere online versions of traditional services to offering novel features that leverage digital capabilities. A significant shift is taking place, where offerings are moving beyond just catering to millennials to include a broader audience across all age groups, catalyzed by increased tech adoption during the pandemic. Moreover, there is a growing emphasis on creating 'multiplayer' financial products that foster social interaction and connection among users, unlike the previous focus on individual services.