Another year of tech innovations and business growth has now begun. In the fintech sector, the rapid pace of change hasn’t slowed at all, but the direction in which it moves may be changing. Here is one of the trends to keep an eye on in 2020:
One of the most visible parts of the fintech sector, mobile payments continue to evolve. In 2020 and beyond, mobile payments will harness new innovations in AI, personalization and faster 5G mobile networks to improve users’ experience and access to financial apps.
The largest area for improvement in the eyes of consumers is making all digital payments and especially mobile payments, instant, invisible and free (IIF). As the speed and reach of mobile networks expand, users expect the speed of their transactions to increase as well. For fintechs, this presents a challenge to optimize the infrastructure they run on and improve user experience, requiring top tier talent on their team to continue growing.
As fintechs move consumers away from cash with digital wallets and P2P payment apps they’ll need to focus on the user experience most of all. In 2020 there is a need for speed in the fintech market and with that a need for experienced leaders in Product Management, Digital Channels, and Global Payments.
If you’re looking to add the best fintech talent to your team and capitalize on 2020’s biggest trends, Martin Executive Recruiting has the expertise and network to connect you with your ideal hire. Get in touch today and learn what we can do for you.