Fintech has become globally mainstream, with 64% of consumers adopting some sort of behavior that fuses technology with financial services. As the market becomes more mature, so do the challenges facing fintech institutions. This year has brought new trends in improving security, big innovations in mobile banking, and the widespread adoption of 5G internet.
For developers, fintech is a lucrative job market. “It’s a candidate’s market out there,” writes Silicon Republic. “The big fintech giants are crying out for talent.” Forbes estimated that there were over 1000 fintech companies valued at $867 billion in 2016; that number has only skyrocketed in recent years. Companies in the financial technology sector are well-funded and hungry for talented developers. It’s an exciting space to work in, combining security challenges, innovative services, and refining the user experience through thoughtful design and solid infrastructure. Here are the big trends in fintech developers need to know for 2020.