Fintech has left ATMs in the dust
Financial institutions aren’t typically known for their scrappy agility. Between legacy systems, overhead concerns, and the high bars of regulatory and security compliance, banks and other financial service providers have historically been slow to embrace technological innovation. Fintech is changing all that.
Once the stuff of nimble startups, fintech is now essential to established institutions. It enables finance that’s strong, scalable, and secure, and it’s an integral part of how we bank, invest, pay, shop, and do business.
Whether it’s through mobile apps or blockchain, fintech delivers change that is more cost-effective, more secure, and quicker than business as usual. In our work consulting and developing custom financial software, we’ve seen use cases for cutting-edge fintech solutions that range from financial deal management to pet wellness to solar.
Our takeaway? The best fintech engineers think in and outside of the financial services world — and its security needs. They’re constantly weighing potential vulnerabilities and building software with powerful protections.
What does fintech look like for innovative startups? What about for enterprise institutions? Our comprehensive guide to fintech has something for every business, including our breakdown of the industry’s unicorns, the latest news on emerging solutions, and essential context on how technological innovation is unlocking a financial future that is more nimble, personalized, and secure.
If fintech seems confined to financial services like banking, lending, and real estate, it’s time to think bigger.
With applications across use cases, fintech empowers streamlined, enhanced, and even automated financial services across industries, from a retailer’s online payment gateway to a startup’s branded debit cards. That big picture understanding of what fintech can do, regardless of the industry, can underpin strategic growth for your company.
Fintech holds claim to the most unicorns by sector, but this legendary herd took a hit in 2022 along with the rest of the industry. We break down the who, what, and where of fintech unicorns to help you better understand the innovation and investment happening now in financial technology.
From exploring fluctuations in funding to how fintech unicorns weather market turbulence, our report combines extensive statistics, deep analytics, and expert insights that you can take to the bank.
Your first steps in fintech
Building your product requires not just software expertise, but an adherence to regulations and compliance standards wherever you plan to operate. If you need a primer, we’ve got you covered.
Distributed ledger technology has the potential to revolutionize the way we manage assets and make payments, but the characteristic volatility of crypto markets has put some of that hype on ice. Nevertheless, enterprise financial institutions and fintech startups alike have embraced this emerging tech, finding use cases and novel applications across the industry.
Modernized financial operations
Fortunately, on the other side of that transformation are automated workflows, accessible data, and reduced clutter — all of which prime businesses to be profitable years into the future.
Adding a few more 0’s
The fintech applications coming into the industry go way beyond slick CRMs and cloud-based software. Advanced AI and other emerging technologies are disrupting and transforming the sector.
Market turbulence and heightened consumer expectations have spurred financial services to modernize and streamline processes. With solutions that hasten, automate, and ease financial operations, companies both in and outside of financial services stand to benefit.