Top 7 Fintech Trends Predicted for 2024.

Alien - UX Design Agency
4 min readOct 18, 2024

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The digital assets market is going to rise by 17.4% in 2025. McKinsey & company predicted 15% annual growth rate of fintech revenue between 2022–28. Fintech is about to reach USD 882.30 by 2030 because people are using finance based app.

For 2024, there are big questions to answer because of economic downfall is taking place, but AI is enhancing the current situation in fintech & banking space.

7 Amazing Fintech Trends predicted for 2024.

1. High number of AI applications.

AI capabilities are known for easier & better business operations. Better revenue generation for future strength.

In fintech & banking, there are wide range of AI-applications which includes robotic advisory, risk mitigation, evaluation, credit analysis, & algorithm trading.

This feature will enhance customer buying decisions on the app.

Gamification is the new AI feature which is in demand, chatbots, voice & facial detection, personalized experience, fraud detection.

2. More stability in payments process.

Fintech users are constantly searching for better options in the market. As digital payments are more co-friendly in comparison to credit cards & traditional transaction method.

As cash-less payments are in high-demand in the market.

Services like mobile wallets, peer to peer transfer of apps, & scan QR option for easy transfer of payment at store.

3. Merger & Acquisition.

You will see more merger & acquisition projects in 2024 as established fintech firms are looking to merge with financial institution.

This transition is making rise of more new startups in fintech ecosystem. Number of M & Startups are introduced in 2023 and about to increase in 2024.

Rise of Fintech Apps as consumer want a stable source of accountability. App like Yono sbi, Paytm, Gpay has transformed the fintech business in India.

4. Digital Banking App.

API ( Application Programming Interface) in banking is driven by growth & transformation. Embracing open collaboration with banks & companies to cherish data efficiency.

You’ll get personalized financial advice & extra trust on fintech apps. API calls for banking are about to grow by 645% in 2024.

As per Insider Intelligence forecast, despite pandemic hit, mobile commerce is grown by 8.7%. Because apps are simpler to use anytime.

5. More security & privacy to apps.

AI-enabled voice & facial recognition on the app will take place for more growth in fintech space. The largest market is of digital products: US$152.20 billion in 2024.

Banking & fintech app needs to be secured because people have trust on them.

6. Risk of embedded fintech.

Industries like ecommerce, retail, education, & finance is about to be successful in embedded finance solution. More features are on the way of fintech revolution & this change is making financial decision easy to implement.

Embedded payments includes:

  • One-click payments.
  • Mobile wallets.
  • Real time payments.
  • Fraud detection & prevention.
  • Open Banking API.
  • Embedded payments API.

Lending Includes:

  • AI-powered decision.
  • Credit scoring decision.
  • Open banking APIs.

Embedded Insurance:

  • Application programming interface ( API).
  • ML algorithm.
  • Real time risk assessment.

7. Gamification in Fintech.

Integrate with user experience ( UX) & monitor your gamification strategy. This feature boosts engagement, increase ROI, & give unique feature to your solution.

It attracts new clients, gives retention rate, & retain customer with feature like saving goals, budgeting, & achievement badges.

How to select the high-quality fintech app designers.

  1. Do market research to take out the best in the country as per your demands, focus on whom produces high-quality UX/UI design with AI-powered features.
  2. You can also search on Google which design agency in performing in your city like Chennai, Bangalore, & Mumbai for high output at the end. Alien is performing like a hero in this Fintech app design domain.

Indian Fintech industry is about to reach $110 Billion by 2024.

Fintech Sector in 2024.

  1. Banking as a service & embedded finance in taking up the market.
  2. A2A payments for flexibility & convenience.
  3. Digital wallet integration with fintech app.
  4. B2B ( Buy Now pay later ) for small and medium enterprises ( SME’s) .
  5. Mobile financial uplifting.
  6. Growth of ESG sectors ( Environment, Social, & Governance).

Fintech Digital banking gives offers convenience, uplifted security measures, supports financial inclusion, & providing personal feedback on financial decisions.

Our App design methods at the Alien design will make your next fintech startup a big success if you put your time here.

Conclusion.

Fintech will boom in coming years if applied right strategies in the market & take support of the best app creators + designers. Your features, benefits, & extra add-ons matter in your fintech startup because customer will use it if it gets benefited.

If you’re planning to launch the new fintech startup this year, then we can contribute our services of fintech UI app design in India.

Fintech startups are changing the situation, increasing revenue, & boosting sales at the global level. App like Razorpay, Paypal, stripe, wise, & ramp are showing their relevance by providing better services around the world.

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Alien - UX Design Agency

Product and Webflow design agency for startups and enterprises. Clients - HDFC, Aditya Birla, TVS, Cavin Kare, IIFL, etc. Awwwards, CSS Winner, FWA awards.