Page 177 - Cyber Defense eMagazine September 2025

The Next Wave: AI and Other Technologies Transforming the FinTech Industry

In a survey conducted by Tribe Payments, results show that about 67% of fintechs believe that AI will
have the most significant impact on the sector in the next five years. APIs, Blockchain technology, AI,
Low-Code/No-Code development, and Edge Cloud Computing are some key technologies
st
redefining the 21 Century FinTech industry.
Notably, about 90% of fintechs use Application Programming Interfaces (APIs), making it the most widely
used emerging technology in the industry, fueled by the rise in Open Banking.

About 20% of fintechs have integrated Blockchain technology, 70% of fintechs already use AI, 16% of
these organizations use Low code to accelerate the pace of code development, and 10% have adopted
edge computing (Tribe Payments, 2025).

Fintech APIs facilitate the communication between financial systems, driving online payments, bank
integrations, and digital wallet transfers. In FinTech, APIs serve as a connection between front-end
applications, like mobile banking apps, and back-end financial systems such as payment processors.
Software developers provide these APIs to enable financial institutions, startups, and developers to build
innovative financial products.

Blockchain improves the efficiency and transparency of peer-to-peer payments. It also addresses
security issues and minimizes fraud in payment systems, making transactions safer and more reliable.
Blockchain makes auditing easier by providing a transparent, immutable record of transactions,
simplifying the tracking and verification of financial data. It automates record-keeping, lowering costs and
enhancing accuracy. Moreover, through cryptographic techniques and decentralized consensus,
blockchain ensures secure identity verification, minimizing fraud and increasing trust in digital
transactions.

Cyber Defense eMagazine – September 2025 Edition 177
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