Financial Technologies Rule Supreme: What Trends Await Us In 2021-2022?

Last 2020 year saw a real boom in FinTech technology: 64% of users worldwide used at least one FinTech service in comparison to 33% 3 years ago.

The popularity of FinTech solutions has almost doubled, which is taken into account by many startups. But they need to develop not whatever possible, but those products that will be especially in demand in the coming time. For this, we have collected several trend directions that will be most relevant this and next year.

8 trends on FinTech market 

Super functional apps

Consumers are becoming more demanding: they want personalization and a variety of possibilities. Therefore, in the current and next years, developers should focus on expanding the functionality of banking applications. A simple example is an app in which you can take out insurance for a car and housing, register transactions for real estate, and also order home delivery of goods.

P2P lending apps

Peer-to-peer lending has a myriad of benefits. First of all, it’s a decrease in dependence on traditional banks. Borrowers can avoid filling out five forms of identity cards in triplicate, notarization, and bleeding dry. Often, interest rates are much lower as well. And lenders by investing money directly in a loan can get much higher returns than they would receive from a bank.

According to research, the peer-to-peer lending market will reach $44+ billion by 2024. And although this is a relatively fresh approach to lending and borrowing, lending software development is a rapidly gaining trend.

Robo advisors

Robo-consultants are services that use machine learning and artificial intelligence to offer investors the most profitable options on the market. They often replace or complement traditional financial advisors who manage investment portfolios.

The target audience for such software is people who cannot afford personal financial advisors, that is, those who invest with fewer resources.


Doing business involves complex operations and paperwork. Process automation will be another significant FinTech trend in 2021-2022. Online banking developments will enable customers to receive invoices and checks online. Banking apps can also be a place to do bookkeeping and even get legal advice.

Micro investment tools

They say, investing is for the rich only. But what about those who can invest small amounts and make huge profits? This market is now covered by micro investment platforms.

Some brokers now allow small amounts of money to be deposited without any commission. Their target audience is millennials, and their main goal is to present investments as something affordable for everyone. 


Distributed ledger technology appeared in 2008, but it became actively implemented only recently. It assists in data protection, transaction registration, customer identification, contract signing. But the most relevant area for FinTech is digital assets. The demand for them is growing, so the ability to work with them is relevant for banking applications.


Governments and financial markets have their own requirements for banking structures. And there are so many of these rules that companies simply cannot cope with them and often pay fines.

It is impossible to follow every smallest point. As a result, RegTech develops: technologies that automatically track compliance with legal requirements.

Online-only banks

It’s expected that by 2023 Sweden will become a pioneer in abandoning paper money, and the rest of the countries will follow this example. This trend leads to the development of banks, which exist exclusively on the websites and the smartphones of users.

Now even older people are more confident in interacting with technology, so the transition to online will not greatly affect the volume of the target audience.

Wrapping up

The development of FinTech triggers financial literacy and prosperity, especially with traditional banks lagging behind their new competitors in many ways. FinTech already makes many businesses more successful and allows them to better manage their funds. Here’s why developers should pay attention to this industry right away.

Marie Foster
Marie Foster
Marie Foster is a reporter based in UK. Marie has also worked as a columnist for the various news sites.


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