Fintech has seen significant growth in consumer adoption, with a 30% year-over-year increase in U.S. consumers using technology to manage their finances in 2021, reaching 88% of the population. This growth is expected to continue in 2022, with increased interest from regulators as they update rules for fintech technologies. Policymakers are predicted to move ahead with plans to improve competition in the financial services sector, particularly in the United States, where regulatory issues such as licensing, supervision, and enforcement need clarification. Open banking initiatives are also expected to gain momentum in 2022, with Canada poised to launch its open banking system by 2023, following a comprehensive proposal and roadmap produced last year. The UK is predicted to see a shift in traditional payment methods for consumers, with the introduction of Variable Recurring Payments, and the European Union is expected to mandate adherence to the SEPA instant payments scheme. These developments will likely have significant impacts on businesses and consumers alike, driving innovation and change in the fintech ecosystem.