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.

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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.

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7 Amazing Fintech Trends predicted for 2024.

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1. High number of AI applications.

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

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

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This feature will enhance customer buying decisions on the app.

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

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2. More stability in payments process.

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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.

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

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

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3. Merger & Acquisition.

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

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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.

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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.

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4. Digital Banking App.

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

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

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

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5. More security & privacy to apps.

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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.

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

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6. Risk of embedded fintech.

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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.

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Embedded payments includes:

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

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Lending Includes:

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

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Embedded Insurance:

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

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7. Gamification in Fintech.

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

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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.

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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.

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

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Fintech Sector in 2024.

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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).

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

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

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Conclusion.

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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.

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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.

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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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