( Fintech Challenges to Expect in 2021 ) Did you know that fintech makes it possible to conduct most of the tools and actions used to handle online transactions? From shopping to lending and more, fintech solutions like data encryption, biometric scanning, and blockchain computing are helping to prevent cyber security risk in 2021. However, these innovative technologies don't come without their fair share of pitfalls. Take a look at some of the most common challenges lenders, banks, retailers, and financial institutions are experiencing in the current tech sphere. Artificial Intelligence Cyber security is one of the most, if not THE most, critical aspects of the online economy. As cyber attackers get smarter and smarter, financial institutions and tech service providers are using artificial intelligence to keep up.