Predicting the Path Ahead: 2024 Astrological Forecast
Next year, Sumsub is offering insights into the future of seven key industries: fintech, transportation, crypto, carsharing, e-commerce, iGaming, and trading. Here's what we can expect based on their focus on identity verification and compliance technology.
Fintech
The market for transaction monitoring is expected to grow significantly in 2026, with heavy adoption of cloud-based solutions to enhance compliance, data security, and fraud detection. Fintech firms are increasingly relying on digital footprint analysis and advanced user registration methods to combat sophisticated fraud like synthetic identity attacks, particularly in fast-growing regions like Asia-Pacific. AI and unbiased algorithms are anticipated to play a larger role in improving financial inclusion and reducing risks.
Crypto
Regulatory clarity is evolving in the crypto space, with notable legislative acts focusing on stablecoins and digital assets regulation. Market growth is anticipated to surpass $80 billion by 2026, with substantial returns reported in leading exchange-based tokens such as CAKE, FTT, and BNB, reflecting strong ecosystem expansion and investor interest.
Transportation and Carsharing
While specific predictions for these sectors are not explicitly detailed, given the increasing emphasis on digital identity verification and fraud prevention in fintech, similar applications are likely to be important for user trust and security in mobility services, including carsharing, where identity proofing is critical.
E-commerce
Rising digital payment adoption is expected to drive demand for advanced fraud prevention and transaction monitoring technologies, ensuring secure and seamless consumer experiences.
iGaming
The sector traditionally requires stringent KYC and anti-fraud controls to comply with regulations and maintain market integrity. Thus, enhanced digital verification tools and AI-driven monitoring are likely to see growing application.
Trading
Blockchain interoperability and decentralized finance (DeFi) developments will remain critical in trading, alongside regulatory adjustments. Trading platforms will continue integrating advanced digital finance tools, including fintech APIs and compliance solutions, to manage risk and ensure transparency.
In summary, Sumsub's relevant outlook for 2026 across these sectors likely emphasizes:
- Enhanced compliance and fraud prevention via AI-powered digital identity verification
- Increased use of cloud-based transaction monitoring in fintech and e-commerce
- Regulatory adaptation and market expansion in crypto trading and digital assets
- Growing reliance on digital verification in sectors requiring trust, including transportation, carsharing, iGaming, and trading.
While direct explicit predictions from Sumsub are not available, these insights are inferred based on sectoral trends and their core business focus on identity verification and compliance technology. It's important to note that the global business environment has been turbulent for the past three years, and unforeseen regulatory changes have occurred. However, these predictions provide a valuable starting point for businesses preparing for the future.
Lastly, it's worth mentioning that Sumsub's magic crystal ball is not used for verification purposes at this time, but it may provide similar insights in the future. The horoscope, on the other hand, is not a replacement for professional business forecasting methods and should not be used as such. It offers predictions for the next year across these industries, but it's not based on scientific evidence but on magic.
Social media platforms may incorporate advanced digital identity verification and AI-driven fraud prevention to ensure users' security and trust, given the similar applications in industries such as fintech and transportation. The integration of social media entertainment may witness growth as these technologies provide a means to increase user engagement, enhance data security, and reduce fraud risks.
The increasing reliance on digital verification tools in various sectors like fintech, e-commerce, iGaming, trading, and carsharing leads to increased potential for entertainment providers to leverage these advancements, creating secure and immersive user experiences in social media entertainment.
