1. Blockchain heads for the mainstream
2. Regulators will keep turning up the pressure
3. AI’s transformative power is coming to the fore
4. The expanding potential of Open Banking
The FinTech market is growing rapidly, with revenues forecast to hit $1.5 trillion by the end of the decade, according to Boston Consulting Group, and as it does so, its power to revolutionize financial services continues to develop and evolve. The race to innovate shows no signs of slowing, and banks and credit unions must be agile to seize the opportunities and guard against the threats that disruption presents.
As we look ahead, four key fintech trends stand out which look set to shape the landscape in 2025 from an operational and a risk and fraud prevention perspective:
