ABSTRACT
The phenomenon of digitalization has also affected the financial sector; the emergence of such an industry as FinTech has forced financial intermediaries to adopt the changes we are witnessing now. Currently, investments in FinTech are an integral part of the development strategy of banking institutions and large companies operating outside the market of financial services. Despite the rapid development of the FinTech industry, it faces challenges such as the COVID-19 shock, innovations in FinTech regulation, competition from banks, as well as a lack of specialists with the skills that are required in the FinTech industry. In addition, the image of consumers of financial services is changing, and the role of socially significant projects is growing. The need to identify signals that indicate future developments arises on the part of businesses from the FinTech industry when formulating their strategies. The secondary data review method is used to summarize the reports from various reliable organizations, the main trends in future development of the FinTech industry, providing useful evidence for the decision-making process. The DEEP software has become the main methodological tool for identifying and studying various sectors related to the FinTech industry, factors determining forecast development trends that bring both opportunities and risks.
