What is the

FUTURE OF FINANCE ?
The financial industry is undergoing a period of
rapid change.

New technologies, new regulations, and

changing customer expectations are all having
a major impact on the way that finance is done.

In this post, we will explore five trends that are

shaping the future of finance.
1) The Rise of Fintech
Fintech or financial technology, is a term used
to describe the use of technology to deliver
financial services.

Fintech companies are using technology to

disrupt traditional financial services, such as
banking, insurance, and investing.

For example, fintech companies are using

mobile apps to make it easier for people to
manage their money, invest their money, and
borrow money.
India is amongst the fastest growing Fintech
markets in the world. Indian FinTech industry’s
market size is $50 Bn in 2021 and is estimated
at ~$150 Bn by 2025.

Here are some of the most successful Indian

fintech companies:
2) The increasing use of
Artificial Intelligence
Artificial intelligence (AI) is another technology
that is having a major impact on the financial
industry.

AI is being used to automate tasks in finance,

such as fraud detection and risk management.

It is also being used to develop new products

and services, such as robo-advisors. Robo-
advisors are automated investment advisors
that use AI to help people invest their money.
The global AI finance industry is multiplying. It
is estimated to be worth $15.7 billion in 2020
and is expected to reach $32.8 billion by 2025,
growing at a CAGR of 29.2% from 2021 to 2025.

Here are some of the leading finance

companies using AI:
3) The Growth of Mobile
Banking
Mobile banking is the use of smartphones and
other mobile devices to access financial services.

Mobile banking is becoming increasingly popular,

as people are using their smartphones to manage
their finances on the go.

This creates new opportunities for financial

institutions to reach customers.

One of the biggest reasons for the growth of

mobile banking in India is UPI.

In 2016, there were only around 20 million

mobile banking users in India.
By 2022, this number had grown to over 1 billion.
This growth is largely due to the introduction of
UPI.

It has made mobile banking more convenient,

secure, cost-effective, and widespread. As a
result, UPI has helped to improve the lives of
millions of people in India.
4) The Growing Importance
of Data Analytics
Data analytics is the process of collecting,
analyzing, and interpreting data to gain insights.

Data analytics is becoming increasingly

important in the financial industry, as financial
institutions are using data to make better
decisions and improve their products and
services.

For example, financial institutions are using

data analytics to identify potential fraud,
manage risk, and target marketing campaigns.
5) The Increasing Focus on
Sustainability
Sustainability is the practice of meeting the
needs of the present without compromising the
ability of future generations to meet their own
needs.

The financial industry is increasingly focused

on sustainability, as investors are looking for
ways to invest in a more sustainable way.

Financial institutions are responding to this

demand by developing sustainable investment
products and services.
Sustainable investing to surge to $125 billion in
India by 2026, at a 5-year CAGR of 46%.

Some of the most well-known sustainable

companies in India.
 Follow Us For
Premium Finance
Content

Research Credits
Harshal Jamdhade