7 technology trends to keep an eye on in 2022, from crypto banking to biometrics

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The banks’ technology initiatives this year will be driven by the need to make finance extremely affordable for consumers and businesses.

One manifestation of this is embedded banking, a version of the open banking movement that started in Europe, where banks offer their services through all kinds of non-bank companies. Another is the effort that banks are making to personalize, trying to provide just-in-time advice to consumers to help them avoid financial problems and take advantage of opportunities. And letting customers empower themselves with a selfie and facial recognition is the best way to provide couch potato security.

Banks and fintechs will also continue to seek to become a place of trust for consumers and businesses who want cryptocurrency services as the popularity of digital assets continues to grow.

Other trends in banking technology, such as the explosion of bank-fintech partnerships, are part of an evolution in financial services brought about by the fintech movement.

Read on to learn about seven tech trends for banks and fintechs in 2022.

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