Focus Outlook

Fintech 2023 Is Heavily Dependant on New Trends

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The last decade has been quite active for the fintech industry. In 2023, the fintech industry is expected to expand further based on unique trends, including embedded finance, in-depth focus on deal-making, and others.

The fintech industry has a lot to offer. Here are some of the most imperative trends in the global fintech industry. 

READ MORE: The Banks of the Future: Adapt or Fall Behind

Many fintechs are likely to rebrand themselves as data suppliers to distinguish their businesses in the eyes of investors and the market. 

Over the next six to twelve months, it is anticipated that the rise in financial goods or services integrated into and provided by unregulated firms will result in higher levels of regulatory compliance.

Over the past year, embedded finance has become popular, and it is poised to continue expanding. 

The newest interest of fintech companies, embedded finance, is revolutionizing how financial services are integrated into platforms that provide non-financial services.

READ MORE: Will Mobile Experiences Define the Future of Credit Unions?

Fintech firms may have to focus more on ESG. There will probably be greater interest in fintechs with ESG capabilities in view of the growing importance of ESG occurring more generally. 

The industry is also likely to find more deals in underdeveloped nations. The focus is on firms in regions such as Latin America, Southeast Asia, and others.

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