What Specific Challenges Are Fintech CTOs Worried About in 2022?

2021 saw lots of exciting trends in the fintech space, from payment innovations like voice-enabled transactions to the rise in the adoption of crypto assets.

For the better part of the year, fintech CTOs were occupied with building new systems and scaling existing ones quickly to meet the growing demands of their ever-evolving industry.

As 2022 draws near, CTOs and technical managers gear up for a new phase of challenges across recruitment, compliance with regulations, venture capital funding, and cybersecurity.

This article discusses the specific concerns fintech CTOs have for 2022 and how they plan to tackle them in the coming year. We’ll cover:

• compliance with inconsistent regulations,
• innovation and competition,
• mitigating data security breaches in the face of growing infrastructure,
• adoption of new technologies,
• hiring and retaining quality engineering talent in a hot job market,
• public relations and going public,
• reduction in venture capital funding.