Fintech is an umbrella term for the rapidly evolving technology transforming financial services. The US fintech sector has been amongst the most active in its development and implementation of innovative solutions, and as a result, many exciting trends have emerged this year.

Over the past decade, we have undergone a transformative shift in the global economy. With the rise of smart digital services, consumers moved away from ownership models. In its place is a consumer sentiment of pay for what you use. Unfortunately, a lot of businesses didn’t get this memo. Too many customers are still charged for services they no longer use. In the subscription economy, if you can sign up in one click, customers must be able to cancel in one click.

Crypto and blockchain are hot topics, especially for fintechs that are constantly looking for ways to scale their businesses and increase their products' efficiency. Some fintech companies are looking at new ways to do things by bridging traditional forms of finance with the innovative technology behind cryptocurrency.