The fintech industry is evolving at a rapid pace, with advancements in technology driving new ways for consumers and businesses to manage their finances. As we approach 2025, several trends are set to reshape how people interact with financial services. From the rise of AI to innovations in digital payments, these fintech trends will help define the industry's future.
The financial services industry refers to a sector of the economy made up of firms and institutions that provide financial services to both individuals and businesses. This broad industry includes banking, investment services, insurance, real estate, wealth management, and fintech companies. Key functions of this industry involve managing assets, facilitating transactions, and offering financial advice to help people and businesses achieve their financial goals.