{"id":13575,"date":"2023-02-25T11:03:10","date_gmt":"2023-02-25T08:03:10","guid":{"rendered":"https:\/\/starlanguageblog.com\/?p=13575"},"modified":"2023-02-25T11:03:10","modified_gmt":"2023-02-25T08:03:10","slug":"watch-out-for-these-fintech-trends-in-2023","status":"publish","type":"post","link":"https:\/\/www.starlanguageblog.com\/watch-out-for-these-fintech-trends-in-2023\/","title":{"rendered":"Watch out for these fintech trends in 2023"},"content":{"rendered":"

Watch out for these fintech trends in 2023<\/span><\/h1>\n

The fintech industry or financial technology has recently emerged in the market but has contributed to improving financial services for both businesses and consumers. Integrating technological advancements into the finance sector includes using robo advisors, payments apps and even crypto applications. Such cryptocurrencies, like Bitcoin and Ethereum, are known to drive the modern fintech industry. The <\/span>Ethereum price USD<\/span><\/a> was highly influenced by the blockchain\u2019s latest update, the Merge, which changed its previous PoW consensus mechanism to PoS, one of the best improvements for fintech.<\/span><\/p>\n

2022 has brought many upgrades in the fintech industry, from new financial regulations to the rise of digital-only banking that allows users to use banking facilities only through digital platforms. Overall, the increased digitization in the financial sector benefits customers since they only need a good internet connection for any transaction or to solve a problem. At the same time, businesses can provide more and better services and fast improvement.<\/span><\/p>\n

Let\u2019s see what 2023 will bring us regarding fintech technology.<\/strong><\/p>\n

Embedded finance<\/span><\/h2>\n

Embedded finance uses a platform or a customer journey experience to place a financial product to reach end customers more efficiently. Anything from customer loyalty apps, digital wallets, or accounting software can be embedded in finance, which has been recently improved due to the digitization of commerce and business management strategies.<\/span><\/p>\n

There are two leading distributors of embedded finance:<\/strong><\/p>\n