With banks subject to higher regulatory requirements, fintech and payments companies are at the forefront of technological innovation in financial services. As such, the fintech and payments sector has grown at an unprecedented rate and spawned companies in verticals of the industry that did not even exist five or ten years ago. Verticals that have evolved over time include online payments and processing, cross-border payments, payment gateways, digital banking and digital remittances, open banking, regtech, blockchain and digital assets.