The fintech sector is expected to grow by leaps and bounds in the years to come. While traditional financial institutions like JPMorgan Chase are still in the forefront, they have been lagging behind their digital counterparts. The following list of the top fintech companies to watch in 2022 outlines the top innovations in this industry. In addition to those mentioned below, there are a few more startups worth considering. Read on to learn more about these companies.
The rise of FinTech has created new opportunities for collaboration among non-competitors. For example, a financial institution that already offers a personal finance management tool could partner with a fintech startup that created a similar tool. In exchange, the startup would gain access to a large bank’s customer base, capital, and a platform for using their product. The result is an incredibly valuable partnership. If your company’s goal is to become a leading fintech company, collaboration with a financial institution is a sure way to make it happen.
In the financial industry, artificial intelligence is a promising technology. By reducing the chance of human error, this technology can process information more efficiently. It can be programmed to process information faster than a human can offer instant solutions. It also helps financial institutions track their customers’ financial health more efficiently and tailor services to meet their needs. Fintech companies should invest in artificial intelligence startups as it is one of the top trends of 2022.