Digital Transformation of Financial Services Expected to Continue in 2023, as Fintech Ecosystem Matures

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation trend that has accelerated following the COVID-19 outbreak. As we look back at the key developments in Fintech during 2022, it becomes clear that consumers and businesses are still looking