Fintech Apps Dying Out: AI Assistants Will Replace Them Within a Decade

Fintech applications are on their way out. David Dindy, CEO of Atomic Invest, believes that in 10 years, investment applications will disappear — their place will be taken by AI-companions embedded in messengers and voice assistants.

Why Applications Are Doomed

A user's smartphone is already overflowing with financial applications: bank, broker, exchange, trading platform, portfolio tracker, credit constructor. Each one — a separate icon, a separate interface, a separate learning curve. An average investor needs to remember passwords from five applications, monitor updates, understand the logic of each platform. And that's just for investments.

Users get tired. Each new application is a cognitive load. And for investors, this means that switching from one platform to another becomes increasingly easier: just delete the icon, download a new one.

There are plenty of startups, but users cannot keep them in memory and on their smartphone screen.

An AI-assistant does the same thing, but in one place — in Telegram, WhatsApp, or by voice through Siri and Google Assistant. No need to download anything new, no need to learn new interfaces. Asked the assistant about your portfolio — and it's done. The option is built into the application you already use.

A fintech application requires active participation from the user: choose, click, confirm. An AI-agent offers a solution without this. "Invest these 10 thousand for me in an index" — that's the logic of a companion. A person doesn't need to understand which index, which broker, what commission. The agent chooses optimally, and the user simply agrees or disagrees. This is passive financing in the literal sense.

What Comes in Its Place

• Messengers as a financial hub — manage your portfolio directly in Telegram or WhatsApp, without a separate app download
• Voice portfolios — ask Siri/Google to buy Apple shares, and the assistant will do it
• Financial agent — AI monitors your portfolio 24/7, rebalances it, prepares tax reports
• No buttons — financial operations transition to dialogue, like text SMS, rather than interface clicks

Dindy says that investing will become as mundane as sending money to a friend. A user will ask: "Where should I invest 500 rubles for a week?" — AI will suggest a fund or ETF, the person will say "yes" — and the money is already working, without opening an account, without passing a qualification test, without downloading an app.

This is not theory. Telegram and WhatsApp already have built-in payments. Apple Wallet already manages finances. Google Assistant can already perform operations. It remains to make this smarter — and the agent is already suggesting that you buy shares when it sees that you have spare money.

What Does This Mean

If Dindy is right, venture fintech is entering a revaluation crisis. In the 2010s, most fintech startups bet on mobile applications: attract users through the App Store, retain them through push notifications, monetize through micro-percentages and commissions. This was the main playbook: best UX in the app = more users = more data for analytics = higher valuation.

The transition to AI-agents breaks this logic. If a financial service is embedded in Telegram, the App Store and downloads are not needed. If portfolio management is a text dialogue, then a beautiful interface is not needed. If the agent works 24/7, then push notifications are not needed. The entire stack of UI/UX investments loses its meaning.

The platforms that control messengers and voice assistants win: Google, Apple, Meta, Telegram. They will be able to embed financial agents directly in their ecosystem — and fintech startups are left only as suppliers of settlement engines, APIs, and liquidity.

For the consumer, this is good. For fintech investors — revaluation and restructuring of models.

*Meta is recognized as an extremist organization and banned in Russia.