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Top 9 Fintech Mobile App Trends In 2024 

4 Apr 23  

Reading Time: 4 minutes

Ankitha Prasannan

Content Writer

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Every year, the fintech mobile app sector is drastically transformed by emerging trends. McKinsey says that digital progress is unprecedented in this decade. Digital transformation is a global goal that continues to be a top priority for businesses today. 

The connection between finance and technology serves as an example in this regard. According to Deloitte, fintech funding reached $36.2 billion in the third quarter of 2021, a 153% increase from $14.3 billion in the same period last year.  

This is the highest fintech funding since 1998. The statistics on the fintech market indicate that the volume of app development in this sector will inevitably rise, as will the adoption of sophisticated technologies. 

Why is There a Rise in Fintech Apps? 

Simply put, financial institutions and users alike stand to gain significantly from the use of fintech apps. 

Our relationship with banks and other traditional financial institutions is being altered by fintech, as are entry barriers and attitudes.  

The technology makes it possible to develop previously unprofitable areas like retail banking and low-margin business models because it covers the underserved areas of banking. As a result, customers place a higher value on inclusiveness.  

All of this is done with the intention of providing customers with the best possible user experience, which is fueling the growth of new trends in fintech apps. 

Let’s Check out the Top Trends in Fintech Mobile App Development  

It is anticipated that the fintech sector will continue to expand at a rapid rate in the coming years. We discuss how some of these most recent fintech trends are likely to transform banking over the next ten years. 

1. Artificial Intelligence  

Predictions based on patterns in previous data can be made with great accuracy thanks to AI algorithms. As well as giving logical experiences, this artificial  intelligence helps accumulate unstructured large information inside an endeavor. 

Additionally, adopting specific technologies can be beneficial to fintech startup companies. A propensity model, a chatbot using Natural Language Processing, or a face recognition technology for the financial sector can all be built on AI.  

In all of these scenarios, AI will shine brightest in large businesses that deal with large data sets. 

2. Chatbots 

Chatbots help the fintech industry build trust and better serve international customers. They primarily assist users with information, transactions, or advisory services.  

Customers can, for instance, check their balance and request a new insurance package with greater efficiency and at a lower cost. Additionally, this is yet another emerging trend in fintech that cannot be ignored. 

3. Blockchain 

Blockchain technology is a highly adaptable invention that has the potential to be used in a variety of industries. The fintech industry has already adopted a number of its potential applications.  

Blockchain is especially being used by financial institutions to lower risks and increase security, and other businesses are looking into using blockchain to lower costs and increase efficiency. It is anticipated that the new blockchain technology will improve smart contract security and applicability in 2023. 

4. Micro Services 

Another way to improve fintech security is through micro services. They offer excellent value, allowing them to expand in popularity in the coming year. 

Micro servers, also known as small form factor (SFF) server architecture, are powerful, dense, and efficient.  

Together, micro servers are able to host small-scale applications and data that do not require full services from conventional large enterprise hardware. Each micro server is designed to reduce size, power consumption, and capital costs to enhance the power and security of fintech mobile app development

5. Voice Commands  

Voice recognition technology has gained high popularity in the year 2022 

However, its future is currently under question.  

Despite the Statista expectation that voice order units will reach 8.4 billion by 2024, there are as yet many individuals who actually have no faith in voice orders yet.  

As a result, the security standards of the technology have a significant impact on its adaptability. 

6. Mobile Banking 

Users want financial institutions to provide them with even more convenience by consolidating all of their services into an app after experiencing the ease with which they can make purchases with mobile wallets. 

Facial recognition and ensuring a sufficient level of safety are among the mobile banking technology trends.  

Users can process their loans with just a few clicks, and updating e-kyc are some of the  time saving features in trend. 

With the rapid expansion of fintech, robust mobile trading applications that cater to Forex, Crypto, and Stock brokers are not just a trend but a necessity. These apps champion seamless integration and optimize user experience while allowing users an extensive selection of asset classes.

7. Autonomous Finance 

An AI-powered innovation known as “self-serving money,” or autonomous finance, enables the design and implementation of an app’s financial plan.  

All clients need to include their own objectives and balances, and the advanced colleague will assist them with beginning money management, make reserve funds, and forward assets to good cause.  

Autonomous finance is about to change personal finance forever because of these features which are very important in fintech mobile app development. 

8. Robotic Process Automation (RPA) 

The fintech technology trend known as RPA, or robotic process automation, is gaining traction across all sectors. 

We anticipate that RPA technology trends will continue to be on a positive trajectory over the next few years as the adoption of robots and machine learning technologies increases. This is due to the helpful ability of RPA to hyper automate existing processes. 

RPA will likely play a significant role in 2023 due to increased pressure on banks to provide flexible and personalized solutions to customers. 

9. Acquiring Systems 

Acquiring technology will become one of the new tech trends for fintech in 2023 due to a heightened regulatory focus on security and transparency as well as advanced mobile payments integration.  

This is especially true when it comes to preventing fraud or developing novel products. 

Creative installment administrations suppliers, for example, Klarna or Stripe are now clearing new ways for compelling internet based client support with their state of the art presenting of computerized items; thus enhancing the shopping experience even further. 


In order to achieve this objective, both existing and upcoming technologies will incorporate relevant features due to the significance of the growing concerns about safety.  

In this way, your technology partner needs to know about these most recent top fintech innovation patterns for a forward-thinking arrangement of fintech mobile app development that will meet your business objectives. 

We at Mindster work to build the future of global finance and help businesses smoothly and effectively join the digital transformation.