2020 has been a stressful year that nobody wants to remember. The chaos and uncertainties of the COVID-19 outbreak hugely impacted many industries, and the financial sector is no different. Financial services in 2020 experienced an unexpected acceleration in digital engagement in response to the impacts created by the pandemic.

As the economy opens in 2021, and the pandemic is still causing turbulence, it is difficult to predict what the future holds for the financial industry. However, many emerging financial trends are likely to dominate and spike progress despite the turmoil. Here are the top three finance trends for 2021.

Cashless Banking

Additionally, fintech companies have responded to the situation by developing plenty of finance apps to meet consumers’ changing needs. Ultimately, in 2021, the financial sector is expected to continue investing in digital platforms, intelligence capabilities, modern data, and other digital solutions in response to consumers’ increasing reliance on digital and mobile payment services.

Open Banking

Automation and AI

CEO and sole shareholder of Commonwealth Capital Corporation in Clearwater, FL. http://kimberlyspringsteen-abbott.com