Competition from fintechs
Banks face increasing competition from fintechs.

Outdated systems
Many banks are struggling with outdated mobile apps and systems.

Trust and transparency
Fintechs face issues with a lack of trust and transparency.

Regulation and data security

Fintechs must comply with strict regulations and secure sensitive customer data.

Financing and attracting investors
Getting suitable investors is still a challenge for fintech startups.

Technological trends
Blockchain, artificial intelligence and other new technologies are changing the fintech industry. Startups should use these trends to compete with the big players.

Increasing regulation
Fintechs must monitor and adapt to increasing regulation to protect customer interests.

Data security and privacy
Fintechs must secure sensitive data and respect customer privacy.