Top Fintech Trends to watch in 2022

3 min readJan 20, 2022

What are the key tendencies in the fintech industry that will disrupt it over 2022? Below the Quppy European neobank Team choice

AI and Adaptive ML

From traditional institutions testing automated digital advisory services to advanced algorithms that assess credit profiles, we’ll see companies expand their use of these smart technologies working together for a better customer experience. Advanced interest and need in artificial intelligence, machine learning and robotic process automation provide many benefits for those in the financial industry, such as reduced risk of loan defaults, better risk management, operational improvements from data collection and analysis, and improved customer service.

Platform-as-a-Service (PaaS)

Fintech is constantly trying to find the perfect balance between convenience and safety. As banks adapt to changing rules, customers will benefit from creating APIs for their data. With PaaS, banking and payment institutions can adapt to changing needs with a custom infrastructure that enables them to fully leverage cloud platforms. These services provide the infrastructure for a variety of tasks, including team collaboration, resource management, payment processing, and credit risk management.


With the rise in popularity of online shopping and the emergence of new generations on the web, the adoption of new payment methods is taking place faster than ever before. Thanks to such Buy now, pay later services like Klarna and Afterpay, consumers can now even turn their home into a “virtual locker room” by trying before buying.

Open Banking

Sharing data has become both easier and more important with the advent of the digital revolution. To exchange data, the collected data must be disseminated to those who may need it for various purposes. Application programming interfaces (APIs), which serve as a link between financial institutions such as banks and FinTech, allow data generated by these institutions to be exchanged with them. APIs simplify the exchange of data in the financial industry, leading to the concept of “open banking”. It was announced this year that the Account Aggregator (AA) architecture will be implemented, which will serve as a data exchange system that will also provide easy access to financial data for various partners in the financial ecosystem. Both individuals and small businesses have benefited from the creation of AA, which is predicted to close the credit gap, allowing lenders to conduct a simple and quick assessment of a borrower’s creditworthiness.


It is possible that there will be significant consolidation in the neo-retail banking sector, as many of these neobanking services offer one or two tools that could lead to a voltile growth, so they may try to merge or consolidate to accelerate their development. trajectory. In addition, to eliminate the inefficient actors of the ecosystem and deliver better services and customer experiences, large banks are likely to partner with fintechs to update their offerings.


In 2021, the fintech community saw a dramatic growth, with 43 new fintech unicorns emerging in the third quarter alone, double the number in the same period last year. However, this energy in the industry has also brought a renewed sense of innovation at all costs. Aspirant banks and neobanks have found a sweet spot in delivering the delightful mobile-centric user experience that consumers expect from all transactions. However, in trying to meet ever-changing consumer demands, some fintech companies have found themselves in a difficult position with regulators.

As regulators and clients begin to demand more accountability, 2022 is likely to highlight compliance. Compliance is not just a check-box, it is an essential pillar for any financial services organization or fintech looking to bring a product to market. Customers expect simple and fast operation, and the challenge will be how to ensure this without compromising the checks and controls of financial crime.

The turbulent 2021 saw a surge in innovation and investment in fintech, and the trends discussed here are just the tip of the iceberg.

As the fintech sector matures, it will continue to play a critical role in shaping the future of financial services and delivering the seamless and contextual experience that consumers demand.