FinTech App Trends to Keep Your Business Ahead in 2025

Fintech and banking apps have been growing tremendously over the years as they involve something everyone has to deal with i.e. money. Though people were reluctant to accept digital payment solutions due to trust issues in the past decade, the social distancing norm broke this reluctance forcing mass adoption of fintech in 2020. Fintech has not only changed the way people interact with money but also provided a secure and convenient payment experience.  

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Fintech companies are increasingly making use of reliable fintech app development services to elevate the digital payment experiences for customers. If you plan to build a fintech app, it can be a great choice as fintech is growing every year and is projected to reach a market size of $1.5 Tn in revenue by 2030. In this blog, we will learn about the latest fintech app trends that you must be aware of to make your fintech business scale at new heights of success in 2025 and beyond. 

1. Chatbots for Banking 

One of the main trends in the fintech sector is an AI-backed chatbot functionality that enables banks and financial firms to enhance their online banking experience for customers through virtual assistants. They can be activated by voice commands as well as typing your queries and some assistants support both.  

Features of Banking Virtual Assistants- 

• They help in answering common queries or most-asked questions, which saves the time and effort for customers that would have taken to reach out to customer care agents.  

• Chatbots can also help in completing simple transactions through voice commands. For instance, if you want to pay the electricity bill before the date, you can simply ask the chatbot to do so without doing anything manually.   

• Another good thing about using virtual assistants is that they send customers an instant notification if they detect any suspicious activity and prevent potential fraud.  

2. Biometric Verification

With an increasing number of people heading towards the digital economy, the risks of cyber-attacks are rising tremendously. This means using a simple PIN or password security is not safe enough and there is a high possibility of getting hacked. The integration of biometric authentication can be a game-changer for financial brands that can effectively secure their customers’ accounts helping them prevent any cyber fraud.  

Features of Biometric verification- 

• As biometric authentication works on the unique physical characteristics of a person like fingerprint, iris & facial features, they cannot be forged reducing the risks of fraud. Though there may be a slight chance of fingerprints being hacked, the integration of AI capabilities has enhanced the protection shield making it very difficult for hackers to forge fingerprints anymore.  

• This serves as a unique identification for each individual helping financial apps accurately identify the right customer and avoid unauthorized access.  

• This helps in improving not just safety but also offers convenience to users as they don’t need to worry about remembering passwords and pins every time for every transaction. 

3. Payments Across Borders

Another trend that is gaining huge popularity in the fintech world is digital payments across countries to simplify the process of sending money to loved ones staying abroad in just a matter of seconds. Many banking and payment apps in Asia, UK, USA and Canada have integrated cross-border payment facilities to overcome the barriers in business transactions and remittance payments.  

Features of Cross-Border Payments- 

• This feature is becoming quite important in the banking sector as it helps to boost financial inclusion.  

• Cross-border payments act as a boon for businesses across the globe by making it easier to trade internationally and make customers earn money in different ways, especially for small businesses and entrepreneurs working from home.  

• This feature helps to lower the currency exchange fee and reduces the risks of mishaps and suspicious activities. 

• This eliminates any type of hindrance in transactions between senders and receivers, facilitating immediate cash flow and enhancing global connectivity.  

4. Smart Finance Tracker

The next trend that we cannot skip is a financial tracker to install a habit of mindful spending among banking customers. This enables customers to plan their budget, stay in control to avoid overspending and achieve their financial goals effectively. Rather than investing in a ready-made or third-party finance tracking app, you can consider building a customized finance tracker app with Clavax for your specific business needs and boost the confidentiality of customers’ financial records. To learn about the cost to create an app in the financial sector, you can make use of our smart app cost calculator and get an estimate in just a few seconds.   

Features of financial tracker-  

• With the help of automated expense analytics, individuals or businesses can identify unexpected or unnecessary expenses done regularly and avoid them for better savings. 

• This helps in storing payment receipts, tax documents and additional financial records and can be accessed whenever required.  

• This feature offers smart budgeting insights based on the spending history, which can be helpful for customers who are strategically preparing a budget for their family or business.  

5. Auto Payment Reminders

Another feature that can be highly beneficial for BFSI and subscription businesses that depend on recurring payments is auto payment reminders. The payment platforms that have integrated this feature will benefit users by sending automated payment reminders to clear bills before due dates and avoid penalty fees. 

Features of Payment Reminders- 

• This feature enables financial companies to collect payments on time by sending automated payment reminders before the due date.  

• These smart notifications allow businesses to know their customers’ payment behaviour – whether they are paying immediately after receiving the notification, have ignored the notification or have attempted payment.  

• A follow-up reminder can be sent in case of payment failure with a payment link for customers encouraging them to complete the payment or try an alternative payment approach.  

Closing Statement

In the end, we can say that fintech apps and brands are expanding their business presence by providing wallets, financing insurance, and smart investment options. In coming years, we can expect increasing figures in the digital economy and financial technology will continue to play a big part in making it possible. Ensure that you go through the fintech app trends before building an app for your bank or financial firm.  

Being a renowned mobile app development company, Clavax has a bunch of development experts who can help you optimize business operations and drive more growth in no time with high-performing banking apps. Connect with us to turn your finance app idea into the next-gen fintech app aligned with the latest trends and unlock immense benefits.  

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