fintech industry

Technologies that are revolutionizing mobile applications in the fintech industry 

In the competitive world of a fintech industry, technologies play a crucial role in the transformation and improvement of mobile applications. From payment solutions to financial management services with personalized user experiences, the fintech landscape is constantly evolving. 

As a result, there are endless opportunities in this journey into the future of mobile fintech applications, where technology is at the heart of this revolution. 

Being at the forefront of the latest trends for mobile fintech development is the key to stand out in the market and captivate increasingly demanding users. The question that arises is what are those technologies and features that you can include before the end of the year, and how can you leverage them to create top-notch mobile fintech applications. 

Here are the most innovative fintech technologies that are changing the way users interact with financial applications on their mobile devices, so you can make a difference and make your fintech app a success. 

Fintech Technology

In the challenging and ultra-competitive fintech environment, companies to be competitive must ensure: 

1- A customer-based approach. 

2- Innovative mobile applications. 

80% of mobile banking users with high-performing apps are more likely to be loyal to their provider, and companies that do not invest in improving the capabilities of their apps and do not listen to their capabilities of their apps and do not listen to their customers’ needs, lag behind those that do (Source: Citi Report). 

In short, innovation in banking is a must and not an option for any company that wants to be competitive and capable of attracting and retaining users. This is the basis for accessing global opportunities and promoting financial inclusion. 

New fintech technologies are often disruptive. Their impact has been felt for some years now and the trend is still continuing. The important thing to bear in mind at this point is that it is not only important for companies to be able to incorporate them, but also to take into account the user and his or her ability to incorporate these changes and digital advances in his or her daily life with the financial system. At the same time, it is technology that also enables financial inclusion. 

While we are not in the presence of entirely new technologies, the growing adoption of key tools such as AI, blockchain and integrated finance, among others, is driving an unprecedented era of innovation. In this context, modern and established fintech companies will benefit from offering highly personalized, secure and innovative financial experiences. 

Artificial intelligence 

Artificial Intelligence (AI) is the engine that is driving the mobile fintech application revolution. mobile fintech applications. Thanks to intelligent algorithms, it can make accurate predictions based on past data, anticipating based on past data, anticipating behaviors and offering personalized solutions that improve the user experience. 

As a consequence of its implementation, a 22% reduction in banking operating costs is predicted by 2030 (driven by the increasing adoption of AI algorithms in financial development). 

From chatbots for virtual support and fraud prevention to virtual assistants with natural language processing (NLP), AI has proven to be a valuable tool that boosts personalization, security and efficiency in the fintech industry. Its revolutionary role paves the way for an exciting future in the financial universe. 


Chatbots have proven to be a valuable tool, improving trust and providing exceptional service to users 24/7. These virtual assistants are highly efficient and offer information, perform transactions and provide advice in an agile manner. Customers can, for example, check their balances, request insurance packages and access a wide range of services with greater efficiency and lower costs. 

Open banking APIs

Open Banking has revolutionized the way financial service providers access user data through APIs (application programming interfaces). By enabling the secure exchange of financial information, such as banking transactions, spending history and more, with trusted institutions, open banking fosters competition, transparency and innovation in the industry. 

When it comes to mobile apps in the fintech industry, open banking APIs are key to providing highly personalized and innovative banking services. They allow developers to securely access financial data from multiple institutions, resulting in faster and more comprehensive apps that offer a wide range of banking services in one place. From making payments to managing finances, these applications enrich the user experience and offer real-time services, such as instant account opening and loan approvals, thanks to robust security measures to protect user data. 

Open banking APIs play a key role in creating intuitive experiences while protecting data through advanced security measures. 

Integrated finances

Embedded finance is revolutionizing the fintech industry by integrating financial services directly into non-financial platforms, such as social networking applications, e-commerce websites and ride-sharing apps. This innovative approach allows users to access services such as credit card payments, loan processing and installment purchases without being redirected to traditional financial institutions. For example, through the popular BNPL (buy now, pay later) model. 

Integrated finance encompasses a wide variety of services, including digital wallets, micro investments, point-of-sale financing, insurance, and budgeting, among others. 

Fintech app developers benefit from integrated finance by being able to offer transparent payment options to all users, regardless of the type of app they use. This new era of integrated financial services allows companies to provide financing, offer loans and enable ongoing payments without requiring users to go to a traditional financial institution to apply. 

Integrated finance is paving the way for a more seamless and convenient financial experience, cementing its position as one of the main drivers of the fintech revolution. 


Financial institutions have found Blockchain to be an ideal solution to reduce risks and increase security in their operations, while other companies are exploring its use to improve efficiency and reduce costs. This year, Blockchain is expected to further enhance the security and enforceability of smart contracts, providing additional confidence in the world of fintech applications. 

Blockchain has become the cornerstone of cryptocurrencies, smart contracts and online financial transactions, being one of the most efficient ways to allow individuals and businesses to access and transfer digital assets in a secure and decentralized manner. Its ability to maintain a transparent and tamper-proof ledger of all transactions is essential to prevent fraud and unauthorized access to financial data. In addition, blockchain speeds up payments by reducing the need for intermediaries, enabling faster, safer and more cost-effective transactions. 

Blockchain promises to make banking services more accessible and less costly, reducing reliance on traditional intermediaries and paving the way for more efficient international transfers without barriers to entry. Use cases for Blockchain in fintech include lowering transaction costs, solving identity theft problems, and improving regulation and auditing. 


Neobanks have been revolutionizing the traditional banking industry now that conventional banking customers are looking for more agile and convenient alternatives to manage their finances, reducing their visits to physical branches. 

Neobanks offer benefits for fintech app users, such as: seamless transactions, lower fees, hassle-free account opening, instant access to loans and investments, and highly personalized banking experiences. 

Their focus on simplicity, technology and personalization has made them a preferred choice for customers seeking innovative and efficient financial solutions. With more competitive rates and more flexible services, neobanks have succeeded in gaining the trust of users, creating a serious threat to traditional banking. 


Microservices are a highly effective solution for improving security in fintech applications. These microservers, known as small form factor (SFF) server architecture, are powerful, dense and efficient. 

Its implementation reduces size, energy consumption and capital costs, which improves the power and security in the development of mobile fintech applications, providing users with a more secure and reliable experience in managing their transactions and financial data. 

Voice commands

Voice commands have gained popularity in 2022, but their future in the fintech industry is in doubt due to security and trust concerns. Although a significant increase in voice command units is expected by 2024, doubts about their widespread adoption still persist. For this technology to succeed, it will be crucial to adequately address security challenges and establish robust standards that demonstrate its effectiveness and reliability in handling sensitive financial data. 

Mobile banking 

Mobile banking has revolutionized the way users interact with financial institutions, bringing convenience and efficiency by consolidating services into a single application following the successful experience of using mobile wallets. 

Technology trends focus on facial recognition and security to protect financial data, while features such as the ability to process loans with a few clicks and e-kyc updates are in high demand for their ease and time savings. Mobile banking continues to evolve to meet changing user expectations and offer fast and secure solutions in the palm of the hand. 

Robotic Process Automation (RPA)

RPA’s unique ability to hyper-automate existing processes makes it an invaluable tool in the fintech industry, enabling greater efficiency and productivity. 

Robotic process automation will play a key role in the financial industry due to the increasing pressure on banks to offer more flexible and personalized solutions to their customers. Their adoption in mobile fintech applications will enable a more fluid and agile experience for users, optimizing repetitive tasks and freeing resources for more strategic approaches. 

Cloud computing

Cloud computing integration has proven to be a powerful ally in improving security in the fintech industry due to its integrated and automated security controls. The cloud has stood out as a more trusted data store compared to conventional IT ecosystems and its adoption is on the rise due to its zero trust verification and data encryption features. This provides stronger protection against fraud and leakage of sensitive information. 

In the fintech arena, cloud computing has several notable use cases. One of them is the secure and reliable storage and management of financial data, providing a protected environment for users’ sensitive information. In addition, the cloud enables fintech companies to implement skillful funding, payment and fraud prevention strategies,  

optimizing their operations and providing a safer and more reliable experience to users. 

Internet of Things (IoT) applied to Fintech 

In this industry, IoT has become a valuable tool for obtaining useful customer data, eliminating the need for human intervention in financial problem solving and fraud detection. In various sectors of the financial industry, such as investments and insurance, IoT is being widely adopted to determine risk, improve customer engagement and streamline the complex claims process. 

The use cases for IoT in fintech are varied and beneficial, allowing to identify customer demographics and preferences to provide personalized offers, collect data efficiently for business analytics, and improve security by ensuring that information is not tampered with.

Low Code/No-Code

The Low Code programming approach has revolutionized software creation in the fintech industry by allowing developers to create applications through a graphical user interface, without the need to write code manually. 

For the banking sector, especially for large banks with a massive customer base, the use of Low Code/No Code has become essential to stay competitive in the marketplace. This technology allows for rapid customer onboarding, resulting in a more agile and personalized experience. In addition, by developing new software and applications more banks can efficiently adapt to regulatory changes and overcome logistical complexities resulting from local and traditional commercial laws. 

Biometric Authentication for Applications

Biometric authentication has gained priority in the fintech industry due to its higher security compared to traditional passwords and PINs. Users prefer this form of identity verification as it eliminates the need to remember complex combinations of letters and numbers and allows sensitive information to be kept secure, even in the event of device theft. 

The evolution of biometric authentication also includes voice biometrics, which will allow users to perform transactions and queries using voice commands, offering a more intuitive experience and protecting data through unique characteristics of the individual, such as fingerprint or voice pattern. 

Flutter for fintech apps

Why is Flutter a great choice for fintech apps? Google’s powerful mobile app development platform is revolutionizing the fintech industry by enabling the creation of agile and modern apps. 

With its ability to quickly develop engaging and customizable user interfaces for iOS and Android, Flutter has become an essential tool for financial firms looking for innovative solutions that meet growing user expectations. 

Advantages of using Flutter for the development of Fintech Apps

Flutter offers a series of advantages that makes it the perfect choice for fintech application development. Its cross-platform capabilities and customizable user interface enable the creation of feature-rich mobile banking applications, providing users with a seamless experience on any device or platform. In addition, its compatibility with popular artificial intelligence and machine learning libraries, such as TensorFlow Lite, opens the door to integrating AI capabilities into fintech applications, enriching user experiences and financial services. 

In the context of disruptive technologies in the financial sector, such as blockchain technology and DeFi solutions, Flutter stands out for its flexibility and optimized performance. This makes it an ideal choice for developing blockchain-based fintech applications that require secure and efficient data processing.  

Security is a priority in the fintech industry and Flutter offers a robust set of security features – including secure storage and built-in data encryption – ensuring the protection of critical user information and meeting the most stringent security standards. 

With these advantages, Flutter is positioned as a powerful tool to drive innovation and security in the development of fintech applications in the future. 

Are you looking for a technology partner for your products? 

At ThinkUp we are a digital product development company, obsessed with quality and specialized in mobile apps and unique user experiences. We create world-class digital products for startups and enterprises, with the goal of transforming and empowering businesses.  



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