Top 5 FinTech Trends to Watch in 2022

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The fintech industry is witnessing massive growth. With rapid digital transformation and advancement in new technologies, fintech solutions are solving major consumer problems and business needs. And this increased adoption of fintech solutions is giving birth to new fintech trends

From crypto to digital banking and PaaS to embedded finance, new fintech trends are opening new business opportunities for upcoming fintech startups. If you are also one of them who want to leverage from fintech then you should be aware of these top 5 fintech trends which are set to establish their big space in 2022. And in this post, I will discuss them. 

What is the current status of the fintech market?

The fintech industry is a very big domain. It contains a variety of functions from banking to insurance and stocks to investment. Businesses are substantially adopting financial technology to streamline their existing financial system. 

Governments around the world are also supporting the use of fintech applications. Banks are working with the top fintech app development company to develop applications and enhance their banking services. 

Hence, due to this increased usage of fintech solutions,  the fintech market is expanding tremendously. According to a market report, the global fintech market was valued at $135.90 billion in 2021. And it is projected to reach $324 billion by 2026 at a CAGR of 25.18 % for 2022-2027. 

The key reasons behind this huge growth of the fintech industry are the widespread adoption of mobile apps and digital technology in the consumer and business world. Consumers are now looking for more convenient finance solutions that consumers spend less time and offer faster accessibility. 

And financial institutions are integrating fintech platforms to automate and streamline their financial services. In this way, they are able to improve ROI and provide better financial products and services to their customers. 

Top 5 Fintech Trends in 2022

1. Embedded Finance

Embedded Finance integrates financial services with non-financial platforms. It allows customers to access financial services in any type of service. To get an idea of how Embedded Finance works, learn from this example. If a user tries to make payment while using Uber app for taxi or cab booking. 

Then, users will need a mobile payment gateway facility to make online payments within the Uber app. Similarly, in eCommerce, customers may need a wallet facility to make the payment.

Hence Embedded Finance works as an essential part of most businesses. At present, the method of payment is changing a lot. 

Customers now look to make payments in various forms such as digital currency, cryptocurrency, NFTs, virtual coins, coupons, discount codes, and more. And this need can be fulfilled by Embedded Finance solutions. Therefore, it is counted among the top fintech trends in 2022 because it will occupy its space across different niches. 

2. Digital Banking Platform 

Traditional banking system involves immense manual efforts and infrastructure development. As a result, it increases the cost of banking services which most customers have to bear. But with fintech, a new solution has emerged in the form of digital banking or digital-only banks. 

This digital banking platform provides the same banking services as opening saving accounts, getting debit/credit cards, depositing money, etc. It is a purely digital-only banking solution that eliminates the need for physical banking. Customers can access their accounts and manage everything through web or mobile applications. 

Digital banking platforms don’t require physical banking branches and human effort. As a result, it reduces banking operational costs. Hence, customers can get loans and investment opportunities at more beneficial interest rates. 

3. Use of Blockchain Technology in Fintech Solutions

The use of blockchain in fintech solutions is also gaining a fast pace. Blockchain is distributed ledger and decentralized technology. It makes an application secure and robust. Therefore, fintech app development companies use blockchain in their fintech app development solutions for creating robust security features. 

Fintech startups hire blockchain developers to create blockchain-based fintech applications for different use cases. For example, secure crowdfunding platforms, cross-border payment applications, and more. Hence, the usage of blockchain technology in fintech app development is set to emerge as one of the top fintech trends in 2022. 

4. Fintech PaaS (Platform-as-a-Service)

Fintech merges finance with modern technologies. So, it creates a tussle between convenience and security. Banks and financial institutions always look to a dynamic solution to maintain and improve their services. Therefore, the concept of PaaS for the fintech industry is gradually evolving in the market. 

With PaaS, companies and organizations can instantly integrate fintech solutions in their existing ecosystem. They do not have to largely depend on fintech app developers to integrate fintech web or mobile solutions. By using PaaS they can simply manage their assets and resources, create secure payment processing, manage credit risk, and solve other things. 

5. DeFi (Decentralized Finance)

DeFi or decentralized finance is the merger of fintech and blockchain technology. A DeFi platform could be either web or mobile application that provides the same services as conventional banking. But in Defi, users can perform financial operations without depending on any intermediary entity or third party. 

It goes beyond the conventional banking and financial system. Hence, DeFi is emerging among the top fintech trends. This fintech solution doesn’t require brokerage, exchange, or central banks. As a result, it reduces the cost associated with transactions and services performed in DeFi. 

And you might be surprised to know that the total market capitalization of DeFi was $74 Billion in 2022. And ethereum-based Defi projects accounted for $116 billion. Hence, you can estimate how fast the DeFi trend is gaining momentum. 


Fintech is a big domain. It involves many different technologies like blockchain, IoT, AI, ML, cryptocurrency, and more. And with the continuous usage of fintech solutions with other technologies, new fintech trends are emerging. 

So if you are a fintech startup and aspiring to take a competitive advantage by utilizing these fintech trends. Then, you should try to utilize these trends by collaborating with the top mobile app development company that specializes in developing quality fintech mobility solutions. 

About the Author

The author is a Fintech app developer at MobileCoderz-a prominent company that offers world-class fintech app development services to global businesses and individual stakeholders. She has created more than 114 fintech mobile applications for several industry use cases. And some of the apps built by her have produced really high results. Aside from her fintech development, She writes articles on trending subjects and takes interviews with industry leaders.

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Tech Lover Ahmed
Tech Lover Ahmed is a passionate writer and the founder of He loves to write principally about technology trends. At


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