how-to-get-trust-and-safety-on-fintech-platform

New businesses are creating innovative financial services and banking solutions that will make the Fintech market more competitive. The Market Forecast predicts that the fintech market will grow at 23.41% annually to $324 billion by 2026. The industry is growing steadily and fraudsters are evolving at the same time, making it difficult to provide the best tools for protecting customers and companies to financial institutions. Customers remain skeptical because financial institutions are slow to implement tools. According to the BIS survey, May 2021, US households trust traditional banks more than Fintech for protecting their data.