Mastering Fintech Domain Prediction – By Our Top 30 Experts

Now, this is something absolutely amazing, out of box, and mind-boggling blog.

In this blog, we are covering the fintech predictions by our top 30 fintech experts who are currently CEO’s, founders, Co-founders, CTO’s or SVP.

1) Matt Roe, CRO, Open Lending

Greater adoption of AI and ML. As AI permeates multiple markets, the fintech industry, in particular, will continue to explore these solutions for various applications like risk assessment and mitigation, customer service, personalization, fraud detection, and loan decisioning speed. For example, since credit scores alone don’t tell a borrower’s full story, AI can look at an individual’s complete profile and payment history to provide a fairer, more accurate description of a person’s creditworthiness. Financial institutions that don’t adopt these technologies will be left behind in the increasingly competitive lending landscape that continues to prioritize speed and accuracy.

More stringent fintech regulation. The bank failures earlier this year, starting with Silicon Valley Bank and combined with the collapse of cryptocurrency FTX, mean confidence in financial institutions and unregulated digital currencies is waning. I expect to see greater scrutiny toward fintech vendors and partners to protect consumers and the economy. The desire for growth and evolution must be tempered with safety and intelligence to ensure these improvements don’t come with unmitigated and wide-reaching costs.

Increased focus on cybersecurity. In addition to regulation and safeguards for the fintech industry, I foresee many companies emphasizing cybersecurity and fraud mitigation internally. Protecting consumer data and finances is imperative and adopting new technologies without proper safeguards will lead to more data breaches and identity theft. Without focusing on these necessary protections, consumer trust and confidence will continue to erode and undercut the advancements these technologies offer.

2) Brian Halpin, SVP, SS&C Blue Prism Internal Automation

“From a pragmatic perspective, the ongoing adoption of automation and digital workers in the financial services sector still has ample room for growth and refinement. While there may be a tendency for businesses to become overly fixated on the latest technological trends in the industry at large, it is crucial to recognise that we are only scratching the surface of automation’s potential.

There remains a substantial demand for banks and financial institutions to embrace digital workers, and by the years 2024/2025, we can expect to witness further instances where businesses have familiarised themselves with the core capabilities of this technology and are strategically utilizing it within their operations. “Undoubtedly, the race in the field of AI will persist. By 2025, we are likely to witness many new AI led innovations. The possibilities for digital workers and automation within the financial industry are boundless, and it is truly exciting to observe how this sector will evolve in the coming years.”

3) Jeff Siegel, Chief Executive Officer at BitRail

 Online shopping in the U.S. still accounts for only 8.9% of retail sales, leaving a large opportunity for continued growth. Smartphones are becoming faster, smarter and more widely used. Security and safety measures continue to improve, leading way to consumers becoming more comfortable buying goods and services online. Advertising continues to improve in targeting and effectiveness. Social media continues to play a larger role in people’s lives. As a result, my predictions:

1. I wouldn’t be doing my job if I didn’t predict that digital payments and money transfers would be one of the largest areas of growth in Fintech. The legacy systems (credit cards) are simply too old and expensive to continue unchallenged. Smaller, more nimble technology like BitRail will oppose legacy methods.

2. Cryptocurrencies will continue to struggle until they are regulated. They also have to become easier to convert from USD to digital currency for the use of making purchases, not just trading on the value of tokens.

4. Artificial intelligence has the potential to improve the security, accuracy and efficiency of financial services.

5. The gig economy (short term employment, temporary and part-time positions filled by independent contractors and freelancers) will continue to drive the need for peer to peer payments and digital money transfers in fields like IT, programming, counseling, banking and marketing.

4) Vice President of Legal at Yapily

The banking segment will continue its march towards digitization, innovation, personalized services, and greater customer-centricity. Collaboration between traditional banks, fintech firms, and other stakeholders leveraging Open Banking will shape the future of banking, leading to improved efficiency, accessibility, and customer experiences.

Lending is still ripe for disruption given the inertia of the incumbent banks, but the factors slowing innovation in this space persist. B2C and B2B payments will probably see the biggest disruption over the coming years as A2A payments, powered by open banking, will continue to eat into the share of the card networks.

5) Poorvi Sachar, Head of Operations at Tezos India

Due to a number of circumstances and uncertainties, it is difficult to predict the future of the blockchain industry. However, some patterns over the following five years may be predicted based on prior data. With expanded acceptance across industries, improved scalability, and enhanced user experience, the blockchain industry is anticipated to continue expanding. As integration with current systems becomes more simple, organizations will be able to take advantage of blockchain benefits. Regulations will become more established, bringing stability and increasing institutional involvement. With the adoption of the technology by sectors including supply chain management, healthcare, voting systems, and DeFi, blockchain applications will go beyond cryptocurrency.

Blockchain platform interoperability will become more important, encouraging cooperation and innovation. Sustainable solutions will receive more attention as a result of environmental issues associated to bitcoin mining. Given the dynamic nature of the blockchain realm, it is imperative to take these projections with caution. The future of the sector will be shaped by the actual advances during the following five years.

6) Anndy Lian, Intergovernmental Blockchain Expert, Partner at Blockchain Technology

Some of the specific technologies that are expected to have a significant impact by 2030 include process automation and virtualization, faster digital connections powered by 5G and the IoT, and human-like AI. For example, around half of all existing work activities could be automated in the next few decades as next-level process automation and virtualization become more commonplace. Additionally, faster digital connections powered by 5G and the IoT have the potential to unlock economic activity and increase global GDP by $1.2 trillion to $2 trillion by 2030. In terms of AI, there will be exponential improvements in computer processing power, voice recognition, image recognition, deep learning, and other software algorithms. This could lead to AI-generated virtual assistants that have the capability to carry out nuanced conversations with users.

7)  Kevin Doerr, Chief Product Officer at DailyPay

Tough one, predictions are a bad business. I have one that seems likely. We’re moving inexorably to a point where payroll will want to be run and disbursed every hour, every day.

Perhaps not for all disciplines or work environments, but the idea that people should be paid at one, two, or four-week intervals has expired.

The complexity of payroll has been fully conquered by software and compute ability. We just need the rest of the world to catch up.

8) Jairo Riveros, Managing Director of the Americas at Paysend

 In the next decade, we will continue the acceleration of innovation in the Payments industry that will reshape what we are experiencing in the industry today. Starting with the reimagination of money to include assets beyond the traditional ones like cryptocurrencies, data and digital goods, consumers are seeking intelligent experiences to deliver very personalized journeys to customers based on their unique qualities. This means that the ability to allow customers to connect assets from digital, physical or virtual in a connected finance environment will become increasingly important. I also believe that borderless rails that will break through the current barriers that limit the way money is exchanged today.

9) Sankaet Pathak, CEO at Synapse

We stand at the brink of an exciting banking revolution, propelled by the emergence of new fintech companies and BaaS platforms, the advancement of cellular capabilities, and the evolving needs and sentiments of consumers. According to findings from Zion Market Research, the global fintech-as-a-service platform market size is predicted to grow to around $949 billion by 2028. I’m excited to see how this growth will impact the embedded finance ecosystem, which is currently still in its infancy. Consumers can now use “buy now, pay later” services for online purchases, make one-click payments on Uber, Amazon, or Walmart, and add built-in insurance offerings to their travel and accommodation bookings. As the industry matures, we will only see more specialized and efficient banking services that will integrate into the fabric of our everyday digital experiences. This growth will also lead to more regulation. The infrastructure of embedded finance is in its very early stages, and the market has moved so far with relatively little oversight or quality control. As the industry matures, regulators will become more involved, ultimately benefiting consumers by creating higher-quality banking products.

10) Ramesh Menon, Group Director, Product Management at LSEG

In the next few years, we see trends around re-useable digital ID becoming increasingly important for consumer transactions. From a business lens the increasing importance of understanding sustainability/climate-related metrics will become a key aspect in understanding supplier risk. As mentioned previously the need to triangulate core data elements and meta data will also become more widely used to provide not only a seamless user experience but also for the purposes of fraud prevention.

11) Michael Rangel, Founder and CEO at Novo

Over the next year, I anticipate seeing significant growth in a number of areas of fintech, including digital payments and mobile banking.

I also imagine we’ll see a lot of fintech companies look at ways to incorporate generative AI into their platforms.

12) President and CEO of SavvyMoney

By 2030, I see three areas that will drastically improve over the next seven years. There will be advancements in score models and credit-building type products. These advancements will include scoring more consumers that don’t currently have one and better assessing the risk of current consumers with a score. This can be possible by incorporating data and payment behavior into new score models like credit builders, utilities, rent, transaction data and cash flow. Other improvements include “always on” pre-qualification for any loan product you would like to use at any time and flexibility regarding terms of loans and types of loans. Lastly, over the next few years, buy-now-pay-later (BNP) will need to become more transparent due to its impact on debt payment ratios.

13) Josh Becker, Chief Financial Officer at Advertiser Perceptions

Business intelligence will continue to gain prominence in a company’s operations and how it conducts itself.  We are operating in an increasingly complex and global world where companies that have access to better information will be able to make better decisions.  At Advertiser Perceptions, we embrace this and believe that knowledge is powerful and greatly assists in making sound business decisions.

Technology will continue to play a critical role in business intelligence, not only in its analysis but also easier access to information.  It is about trusting experts such as Advertiser Perception who know the market, industry and global trends.  For example, our AdPros Network is an amazing vehicle to where companies can have ready access to a group of industry leaders – their prospects and clients – and garner their insights to improve products, align sales and marketing to client needs, and gain competitive advantage.

14) Philip Meyer, Co-Founder & CEO at Vaultavo

I am of the opinion that we have not seen the end of growth in this market by a long way. Asset tokenization is by far the front runner in terms of growth prediction as any asset can be tokenized and put on a blockchain. And asset tokenization is still in its infancy!

For example, if you look at private asset tokenization, then there are three numbers; USD50 Trillion in private equity, USD160 Trillion in public/private debt and USD 333 Trillion in private property hands. Currently USD77 Billion of the above had been monetized through tokenization. That represents effective 0.01% of the potential expansion in creating liquidity in the private market.

15) Peter Barcak, CEO and Co-Founder at credolab

One of the major trends that will continue to shape the fintech industry in the coming years is, of course, the increasing use of AI and machine learning. We will likely see a surge in the growth of niche and specialized AI solutions for all financial sectors. For example, Bloomberg already released a research paper detailing the development of a new large-scale generative AI model that has been specifically trained on a wide range of financial data to support a diverse set of natural language processing (NLP) tasks within the financial industry.I have read various predictions about how many jobs could be cut by implementing a variety of AI solutions. As any member of the human race, I am, of course, a bit frightened by such prospects.

But as with all innovations and breakthroughs, from the invention of the printing press to man moving from horse to the car, it certainly only moves our civilization forward and outweighs the drawbacks. Furthermore, I expect fintech companies to focus more on financial inclusion, working to provide access to financial services for underserved populations worldwide. This will require a concerted effort from both the private and public sectors to overcome the challenges of reaching underserved communities and ensuring that financial services are accessible and affordable. Overall, the fintech industry will continue to evolve rapidly, with innovations and developments emerging regularly. The key to success in this dynamic landscape will be to stay agile and adaptable, continually pushing the boundaries of what is possible with technology to create more efficient and accessible financial services for all.

16) Juha Viitala, CEO at Membrane Finance and EUROe Project

As a strong advocate for the web3 ecosystem, I foresee several significant developments that will reshape how traditional businesses operate and make market participation more accessible, inclusive, and equitable. Here are a few predictions for the web3 ecosystem: Decentralization and disintermediation: The shift towards decentralized structures will remove intermediaries from various industries, resulting in lower costs, increased efficiency, and more direct connections between market participants. Enhanced privacy and data ownership: Web3 technologies will empower individuals with greater control over their data, ensuring higher levels of privacy and enabling users to have a say in how their data is used and monetized. Tokenization of assets: The tokenization of real-world assets, such as real estate, art, and intellectual property, will create new opportunities for fractional ownership, improving liquidity and broadening access to a diverse range of investment opportunities.

Democratization of finance: Decentralized finance (DeFi) will continue to grow, offering accessible financial services to individuals and businesses worldwide, regardless of their access to traditional banking services. Incentive alignment and fair compensation: Web3 will enable more equitable distribution of rewards and compensation among parties involved in various market activities, fostering collaboration and promoting the development of more sustainable business models. The emergence of new business models: As web3 technology matures, we can expect to see the rise of innovative business models that leverage decentralized networks, smart contracts, and token-based incentives to drive user engagement and value creation. Increased adoption and integration: As more businesses and individuals recognize the benefits of web3, we can expect increased adoption and integration of web3 technologies across various industries and sectors. Ultimately, the web3 ecosystem has the potential to revolutionize traditional business models, promote a more inclusive and fair market, and empower individuals with greater control over their data and assets. The future of web3 is promising, and its impact on our world will be transformative.

17) Timothy Rooney, President at Marygold & Co

As I stated earlier, the fintech pie is growing, and for a good reason: The value provided by fintech companies is clear. One of the trends I’m excited about is to see people in their 40s, 50s and 60s discover the value of digital banking and working with fintech firms.

This transition will take time since inertia is a powerful force in finance, but people will discover that they are getting more value, with much more client-friendly pricing, in the fintech space. We are in the early innings of that evolution, so it is exhilarating to see!

18) Chief Executive Officer at Koii

Right now, DeFi is in its early stages and is mostly related to trading activity on crypto exchanges. Margin trading, arbitrage, and similar activities require lending but don’t even come close to the utility of the commodities exchanges and options markets we find in traditional finance. The next step for crypto-based primitives will be the integration with real-world services, like the InfraFi I mentioned earlier. As these new integrations come online, we will see a stabilization in demand for DeFi tools and a generational shift in how money is managed.

19) Sagar Rajgopal, President and Chief Customer Officer at Ubiquity

 Several prominent trends are emerging in the fintech landscape:

• Cost reduction and profitability: Due to economic factors like rising inflation and a contracting funding environment, fintechs face increasing pressure to reduce costs and enhance profitability. Companies often look to customer service as a starting point for cost-cutting measures. However, it’s essential to adopt a strategic approach that includes optimizing operations rather than merely reducing headcount or relocating to lower-cost regions. Consultative BPOs and AI tools can be instrumental in this regard.

• Mergers and acquisitions (M&A): We anticipate more M&A activity involving banks merging with each other, fintechs consolidating, and banks acquiring fintechs to access innovative technologies they could not develop in-house.

• Embedded finance: This trend, which integrates financial services within existing apps or platforms, simplifies users’ experience in managing their finances. Nearly any digital experience and many physical ones can open the door for credit or payments transactions—from earned wage access for gig workers to customized money management tools for gamers. We expect new models and partnerships to emerge to reach consumers in a variety of new ways. Simultaneously, businesses and banking/fintech partners can create new revenue streams, ultimately fostering customer loyalty.

20)  Stefan Matthews, Co-Founder & Executive Chairman at nChain Group

If you are referring to coin or token trading on speculation, yes this will continue. As I have indicated these unlicensed security tokens have no value. The BSV blockchain is totally different.

BSV is not a security, it was nor pre issued or pre mined and it was not offered for sale to fund a project. BSV id a utility token, that’s where its value is and when its value will always be.

21) SVP of Strategy & Business Operation at Liminal

 Here are my predictions for the crypto industry for 2023-2024:

1. Continued growth and mainstream adoption: The crypto industry is likely to continue its growth trajectory and gain further mainstream adoption as more businesses and individuals embrace digital currencies and blockchain technology.

2. Increased regulatory scrutiny: As the crypto industry continues to mature and gain mainstream adoption, it is likely to face increased regulatory scrutiny from governments and financial authorities around the world. This could lead to greater regulatory clarity and stability for the industry, but it could also result in some market volatility and uncertainty in the short term.

3. Emergence of new use cases and applications: As the crypto industry continues to evolve and mature, we are likely to see the emergence of new use cases and applications for blockchain technology beyond just digital currencies. This could include applications in supply chain management, identity verification, and other areas.

4. Consolidation and maturation of the industry: The crypto industry is likely to experience further consolidation and maturation over the next few years as weaker projects and players exit the market and stronger players emerge. This could lead to a more stable and mature industry in the long run.

5. Integration with traditional financial services: As the crypto industry gains more mainstream adoption, we are likely to see greater integration with traditional financial services, such as banking, payments, and investing. This could lead to new opportunities for collaboration and innovation between the crypto and traditional financial industries.

The crypto industry is likely to continue its growth trajectory and gain further mainstream adoption over the next few years, but it could also face increased regulatory scrutiny and volatility in the short term. We are likely to see the emergence of new use cases and applications for blockchain technology beyond just digital currencies, as well as the consolidation and maturation of the industry. Finally, we could see greater integration between the crypto and traditional financial industries as the industry continues to evolve and mature.

22) Brandon Tucker, Head Of Communications at Marinade Finance

2025 feels like a long ways away from now. I’m eager to see regulatory clarity around stablecoins. It’s one of the real killer use cases in crypto that is already here. The ability to send USDC or USDT instantly for fractions of pennies to anyone in the world is extremely valuable to everyone no matter who you are., But lack of regulatory clarity, especially in the US, is harming its adoption. I also expect to see more adoption of decentralized exchanges. If the events of the past year have taught us anything it’s that humans in power will always be tempted by greed and do risky things with customer deposits they weren’t supposed to. These are tradfi problems reinvented in crypto, not crypto-native problems. Decentralized protocols are operating as intended.

I would also keep an eye on the NFT space because we’re only really scratching the surface of use cases there. The whole concept of memberships, loyalty programs and in particular airdropping benefits to holders is going to be a technology that established companies are going to embrace sooner than later.

23) Sarah Biller, Co-Founder at FinTech Sandbox

A major fintech trend that I am seeing get more attention is the increasing prominence of artificial intelligence (AI). As many debate the viability of AI and its potential to disrupt industries, eliminate jobs and fundamentally alter society, financial services is seeing clear benefits from this technology via fintech partnerships with early-stage AI startups. The key ingredients for success include the fintechs having access to the right data to build products to meet these institutions’ needs and proper governance and oversight to produce the best outcomes using AI. The 5,000+ banks in the US can’t reasonably be expected to leverage the AI opportunity on their own – and to see real, positive results that can build the industry in the best way possible, they must engage with the innovators who are leveraging data to build the future of AI.

I have also been seeing the increased challenges that small and medium sized businesses (SMBs) have been facing, particularly in today’s challenging economic climate, but how fintech has been giving these small businesses more options and opportunities to thrive through embedded finance options, micro-lending technology and other digital financial solutions. (However, in order for fintechs to continue to be able to support SMBs, they need critical access to data.)

As a note, Fintech Sandbox’s upcoming Demo Day 9.0, which will be showcasing global startups and the technologies and products they built during their involvement in Fintech Sandbox’s Data Access Residency, both AI’s applications in fintech/finance and the ways that fintech and access to data support SMBs will be key themes.

24) Jitin Bhasin, Founder & CEO at SaveIN

I believe if our country has to become a $5 trillion economy and then become a developed country by 2047 as is the vision laid down by India’s Hon’ble PM Shri Narendra Modi, we need to ensure that Indians remain healthy and continue to be at their productive best across age segments.

Therefore, there is a big role that I see for healthtech-fintech companies like us who can help further the penetration of quality healthcare by enhancing access and affordability.

25) Richard Smith, Chairman at FSC and Co-Founder at Finiac

Crypto is going through one of its many ups and downs – aka cycles. I’ve said over and over again that if you can’t stomach a 75% drawdown you shouldn’t be in crypto.  And that’s just for the blue chip cryptos like BTC and ETH!

Blockchain is a legitimate technological innovation in that it is the first time that anyone can exclusively control a purely digital asset without having to worry that the asset can just be copied. If you hold the keys, you control the asset.  This has all kinds of important potential for our increasingly digital lives.  That potential is still in the process of being unlocked but it is real and it will eventually be unlocked because we want sovereignty over our digital lives and we don’t have that right now.

Micropayments is also something that is inevitable because there is so much value to be unlocked there. Think about it – you can’t economically transact online for less than $1 right now.  What’s going to happen when you can do a meaningful transaction for $0.01?  The amount of innovation and commerce that will open up is mind boggling. 

By 2025 we will see real companies generating real revenue by providing real services that allow real people to control and monetize their digital assets and transact in micropayments. I believe that the blockchain ecosystem will most likely be a combination of ETH and BSV.

26)  Christopher Flinos, Chief Executive Officer at HɅYVN

“Know what you own, and know why you own it.” – Peter Lynch

It is essential to recognize the significance of having a profound comprehension of the investments in your portfolio, coupled with a clear rationale for why you are retaining them.

27) Lisa Loud, CEO & Co-founder at FLUIDEFI

I predict there will be massive growth in DeFi, which has been gaining significant traction in the last few years. Specifically, I believe there will be continued growth of decentralized exchanges (DEXs), which are expected to become more user-friendly, accessible, and secure. This will result in greater adoption by the general public and the creation of more DEX-based DeFi products, such as decentralized lending and borrowing platforms, which will bring more financial services to the masses. The biggest driver of change will be regulation. DeFi is expected to become more regulated, which will increase the trust of users and investors, and turbo-boost adoption within the institutional finance community.

The integration of artificial intelligence and machine learning into fintech will also play a significant role in shaping the future of the industry. This will bring about a more personalized and efficient customer experience and will increase security for transactions and sensitive information. With the increasing popularity of DeFi and cryptocurrencies and the integration of cutting-edge technologies such as AI and ML, it is certain that fintech will continue to have a profound impact on the financial industry for years to come.

28) CEO at TreviPay

The future of B2B payments is an easier pathway for all suppliers to have access to platforms and capabilities that allow them to expand the types/locations of the customers they want to serve. Looking ahead, our objective will remain making B2B payments easier, faster and smarter, and there are many adjacent industries where our solution can be applicable.

Anywhere there is a complex B2B supply chain, such as in travel, manufacturing or healthcare, where an industry is undergoing change, or where a business supplier is looking to sell in another country, TreviPay can play an important role. Payments are a powerful way to create or tap into a trusted buyer-seller network that features strong connections, exclusive payment and invoicing terms, enhanced efficiencies, reduced costs and expanded recurring opportunities.

29)  Nitya Sharma, Co-Founder & CEO at Simpl

There’s a huge opportunity waiting for the industry, not only 1-tap checkout but fintech on the whole. By 2030, we will have 9 out of 10 Indians over the age of 15 going online for the first time; the Next Billion represents a huge opportunity for the industry. Assuming that a significant part of the Next Billion users will have a trust deficit when transacting online, it’s necessary to have Trust baked into the business model along with a heightened focus on trust at every stage of the product lifecycle. Building products that will persuade the Next Billion to go digital completely, shifting away from cash, there’s a huge opportunity for 1-tap checkout.

Remember, India isn’t a price- sensitive market, it’s a Trust-First market. And our age- old practice of Khaata or the ledger-based transactional commerce that is still being followed across India, is a case in point. Business models that triage on Trust, Transparency and Technology will transform 1-tap checkout when it’s built on data. Remember for 1-tap checkout data plays a huge role because we are using AI/ML models to build robust credit decisioning and risk models. Next, convenience will still continue to dominate how 1-tap checkout evolves; even in saturated markets you can open up new possibilities by solving for convenience.

30) Mahin Gupta, Founder at Liminal

When the Internet came, people tried to access the Internet with various inefficient methods like dial-up modems, phone lines and cyber cafes. At that time, the challenging application was how to access the Internet. But now we access things through the Internet, even our phones.

The Internet exists, and we don’t have to look for it and learn how to use it. The same will happen with Bitcoin and Web3. At the moment, people are trying to access Web3 applications. Sooner or later, web3 adoption will spread globally, and I’m hopeful it will become a reality before 2030.

 [To share your insights with us, please write to  pghosh@itechseries.com ]