Fintech predictions for the year 2020

As we head towards the end of 2019, writers and experts are looking to the future and predicting what is next for Fintech in 2020.

The past year has seen Fintech emerge from being viewed as a niche trend to a recognised, fast-moving industry that is impacting companies and businesses far removed from financial services.

The next year is expected to be equally pivotal for the world of Fintech as the industry matures, investment ramps up, and technology continues to advance.

With the media closely following the rapid growth of financial technology, there are many predictions for 2020, but here are the top three developments that are being tipped to impact Fintech in 2020.


Regulation Technology, or RegTech, is expected to become more widely adopted in 2020, according to Forbes Finance Council. The reason is that people are still responsible for completing many compliance and regulation tasks, often at a huge expense to businesses. With RegTech, processes can be automated and streamlined, while costs can be reduced. As Fintech becomes more prevalent in everyday business life, expect more RegTech.


At the recent Singapore Fintech Festival, collaboration and working together as a community was a talking point for 2020. As the use of financial technology becomes more widespread and the world becomes increasingly digitized, opportunities are emerging for smaller companies to join together. There has been a similar narrative in the maritime and air cargo industry in recent years with a drive towards transparency and collaboration as a result of digital technology. This appears to be the way of the future and we should be prepared for more collaboration and partnerships in Fintech.

Ecosystems and APIs

According to Fintech Finance, in 2020 blockchain-based solutions will continue to help bring digital players together such as shipping and insurance companies to create ecosystems. The use of APIs is also expected to lead to the creation of new products and services for customers within that ecosystem. This is an extension of the prediction for further collaboration within Fintech next year, and is definitely one to watch in 2020.


This is not an exhaustive list of what to expect in Fintech in 2020, but it’s a good place to start. The main thing to remember is that the Fintech industry is still maturing and investment in financial technology is continuing to rise, which means the next 12 months could bring many new developments to the business of banking.