This month at The Fintech Times, we’re reflecting on the past year’s fintech highlights while looking ahead to what 2025 might hold. We’ve engaged with fintech CEOs and industry experts to uncover key trends from 2024 and their insights on priorities for the coming year.
2024 was a year of challenges and opportunities for fintech. According to KPMG’s Pulse of Fintech, global investment declined to $51.9billion in the first half of the year – the lowest six-month period since 2020 – highlighting the cautious approach taken by investors amid high-interest rates and geopolitical uncertainty.
Payments retained the lion’s share of funding, attracting $21.4billion globally, while regtech emerged as a rare area of growth, surpassing its 2023 total with $5.3billion in the first half alone. AI, too, continued to capture investor attention for its potential to enhance efficiencies and reduce costs, particularly as companies sought to remain competitive in a high-cost environment.
While funding trends showed restraint, the broader fintech industry continued to adapt to changing priorities.
Collaboration between fintechs and traditional financial institutions gained momentum, reflecting a shared need to address regulatory complexities and meet changing consumer expectations. Across sectors, fintechs played a vital role in improving access to financial services, supporting underserved communities, and fostering financial resilience.
However, significant challenges remain, including the ongoing demand for sustainability-driven innovation and the imperative to address risks like data privacy and financial crime.
As we close the chapter on 2024, December offers a chance to examine the lessons learned and strategies that will drive fintech forward.
Throughout the month, The Fintech Times will showcase exclusive insights from industry leaders, highlighting the innovations, collaborations and solutions poised to shape the year ahead in your ‘Views from the Top’.
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