In his guest piece for The Verge, Bill Gates predicted that by 2030, the two billion people who don’t have a bank account now will be storing money and making payments with their phones. And he was right — in 2022, more than 65 percent of Americans are using some kind of digital banking. While FinTech giants like Monzo, Stripe and Revolut dominate the market, the audience still seems underserved and eager to try alternatives. How do you ensure smooth sailing for your FinTech venture in a highly competitive environment?
In this blog post, we shed some light on the hottest battle-proven practices that the most popular finance companies use, and we share our insights on how to develop successful FinTech apps.