Fintech constantly updates and provides new trends that improve how we complete everyday tasks, from tracking our finances to budgeting apps. In addition, these advances have provided more secure ways to store our personal information. In the last few decades, many technological advances were the latest trends that have become obsolete. For example, CDs and DVDs were replaced by MP3 players, which are not replaced by our smartphones and streaming. The introduction to Fintech in the financial services industry has brought new tools that financial planners can use to help their clients achieve their financial goals.


Traditional banks in the past had cumbersome processes, opaque structures, and limited options and faced growing discontent. Today, banks are making financial tools accessible to a broader audience, including the unbanked and underbanked. Limited choices and the lack of services are nonexistent since FinTech offers user-friendly interfaces, competitive rates, and personalized services tailored to clients’ needs.


From mobile banking apps that simplify everyday transactions to robo-advisors managing investments with an automated touch and from secure blockchain-based applications to crowdfunding platforms fostering financial inclusivity, the scope of fintech is vast and ever-expanding. Companies like Stripe are revolutionizing online payments, Robinhood changed stock trading, and SoFi is tackling student loan burdens.


Fintech is constantly changing, and companies are increasing their spending and investing in these new technologies to stay ahead of their competitors. For example, finance companies provide online banking, net worth calculators, and other financial tools to help clients make informed financial decisions.


In the article “Trends Influencing the FintTech Landscape,” Ana Trujillo Limon lists several financial trends beginning to emerge due to Fintech. Some of these trends include:


  • Companies are creating digital services tailored to the client and giving them options to make better-informed decisions. They can also talk to an advisor from the comfort of their homes, and busy professionals have the flexibility to meet with their advisor at any time.
  • The rise of cryptocurrency is giving investors more options on different assets. However, many rules and regulations still need to be made available to protect an investor who invests in these digital coins.
  • AI is impacting many industries, from higher education to journalism.


Fintech has reshaped many industries by providing new tools to help people work more efficiently and has created options and flexibility.



TRUJILLO LIMÓN, A. (2021, March). Trends influencing the fintech landscape.        Financial Planning Association.               influencing-fintech-landscape