7 Fintech App Development Trends to Watch for in 2024

In this guide, we'll share the top fintech mobile app development trends to watch the future of finance, best features & tips

By Claudio Pires
Updated on October 27, 2023
7 Fintech App Development Trends to Watch for in 2024

With the rapidly changing environment, it is important not to miss the opportunities to integrate cutting-edge developments into businesses to increase profits and reduce costs. So, what are the Fintech App Development Trends in 2024? Let’s check some numbers. In this guide, we’ll share the top fintech mobile app development trends to watch the future of finance, best features & tips.

Blockchain technology is rapidly evolving, and the need for a trusted blockchain app development company is also growing among those seeking to reduce costs associated with financial transactions. This technology is defined by improved security, speed, and convenience for both businesses and their clients. 


Blockchain utilizes decentralization, encryption, and data immutability to enhance security.

  • Decentralization

Blockchain is decentralized in its nature, so the data about each transaction is not in the hands of central authority. Instead, it is distributed among multiple ones. It prevents hackers from getting full control over the data.

  • Encryption

Blockchain technology is based on advanced Cryptographic methods that transform information into a stream of immutable and hacker-proof data. In this guide, we’ll share the top fintech mobile app development trends to watch the future of finance, best features & tips.

  • Immutability

Each block in blockchain technology stores information about the previous block. Therefore, it is impossible to change the information in it without affecting other blocks. Due to the transparency of all transactions in the blockchain system, this influence can be easily identified and eliminated.

This technology is mostly used for confirming the identity of users in an easy and intuitive way.

Biometric Benefits for Business:


Face, fingerprint, and voice are unique for each person, which means that it is much more difficult to hack such data than a pin code or password. And biometric data itself cannot be faked. 

Convenience and trust development 

It is much more convenient for the user to log in to the application simply by placing a finger on the scanner than to enter a password. Simplicity and convenience, in turn, contribute to the development of confidence in the business that uses these technologies.

3. Cloud Computing

Cloud computing allows businesses to avoid the costs associated with purchasing and maintaining expensive server hardware. Instead, all necessary calculations are up on a remote server present by the company. These servers are specifically designed to process large amounts of data and provide enhanced performance. They can be accessed from any device at any time, greatly improving the speed of interaction for businesses utilizing this technology.

The field of AI is experiencing rapid growth, offering numerous possibilities for its implementation.

AI Implementation in Fintech:

Higher Security

  • Chatbots

AI-powered chatbots can assist users in automating important tasks. Such as password resetting or changing. It is also highly effective in the process of generating passwords, which complicates the hacking process.

  • Fraud Detection

Systems powered by AI can monitor users’ spending behavior and prevent some transactions. In case of serious deviations. In this guide, we’ll share the top fintech mobile app development trends to watch the future of finance, best features & tips.

  • AI Testing

Algorithms driven by Artificial Intelligence can facilitate system enhancement by evaluating system vulnerability to backdoor breaches, errors, and glitches.

  • Automation

Manual processes always take time. AI-based programs use algorithms that can perform such work in the most efficient way, saving both money and time.

  • Financial forecast

Due to machine learning processes, software powered by AI can analyze an immense amount of information and make forecasts based on it. 

Today, neobanks can offer a wide range of services with more favorable terms in comparison to classic banks.

Neobanks Benefits for Business:

Swiftness and Availability 

Neobank works completely online and uses advanced IT technologies such as blockchain. So, this allows them to provide services 24\7, maintaining maximum speed and efficiency.

Better terms

Online banks do not have physical branches, so regional differences do not affect the cost of the services provided. In addition, there is no need to spend extra money on labor and rent. All this allows neobanks to provide more favorable conditions to customers.

6. Embedded Finance

Financial institutions suffer from slowness and strict scheduling. Moreover, this tool helps to get around these limitations.


Third-party organizations provide financial services such as payments, money sending, and funds withdrawal with no extra payment.


Banking services are provided by third-party organizations. It helps to create a new bank account almost instantly.


The most interesting feature of Embedded Finance. Services for the implementation of short-term loans, which significantly speed up all types of transactions. At the same time, interest is minimal or completely absent.

Developed applications often become increasingly complex, which can slow the user’s familiarity with them. Gamification can be an excellent tool to illustrate the application’s functionality in a more engaging and straightforward way to address this challenge. 


FinTech technology is constantly evolving, and it is important to always be at the forefront of this movement and then the modernization of processes and means of their implementation will bring profit and reduce costs to business. Knowing the latest and future trends in the industry can help businesses stand out from the competition.

Claudio Pires

Claudio Pires is the co-founder of Visualmodo, a renowned company in web development and design. With over 15 years of experience, Claudio has honed his skills in content creation, web development support, and senior web designer. A trilingual expert fluent in English, Portuguese, and Spanish, he brings a global perspective to his work. Beyond his professional endeavors, Claudio is an active YouTuber, sharing his insights and expertise with a broader audience. Based in Brazil, Claudio continues to push the boundaries of web design and digital content, making him a pivotal figure in the industry.