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Trena B. Mar 28, 2023
Business Opportunity
Last active over 7 days
Last active over 7 days
Hi FinTech Connector Community! This is a reminder that our "New York City (Spring) Immersion Program" is still taking applications (closing 31 March). It's for businesses expanding into the USA. Here's the link to apply. https://www.fdglobal.com.au/scaling-up-programs/2023/

New York City Immersion Program - June 2023 - FD Global

https://www.fdglobal.com.au/scaling-up-programs/2023/

 
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Meran S. Mar 16, 2023
Financial Services News
Last active over 7 days
Last active over 7 days
Cloud VS Deployed in Financial Services 💭











We speak to commercial teams in #FinTech every day & a
common challenge they face is implementing their solutions into banks. Banking
is traditionally slow in adopting new technology, using established practices
& legacy tech, they have concerns with digital transformation. ❓







The main concern is Security, 57% of organizations that are
not, or cannot, use a cloud data warehouse is due to security concerns.
Security is the top, but not the only reason keeping some organizations from
using cloud or SaaS solutions. Unpredictable costs (38%), concerns over
potential performance issues (37%), and regulations on cloud data security
(32%) are other issues. 🔐🔐







For FinTech’s trying to break into Banks, there is good
news. The #Banking industry, like any other, is being influenced by
globalization, they are no longer stand alone local institutions but rather,
wide global networks serving customers across continents. In this context, SaaS
offerings fit perfectly & allow for a more scalable model when the
infrastructure is hosted in a cloud. 🌩️🌩️







Speaking with a commercial leader at a #capitalmarkets
FinTech, they shared an example of a deal with a Tier 1 Investment Bank. The
solution was complex, covering post trade & pre trade solutions from
settlement & reporting to automated trading & regulations tools. Involving
multiple stakeholders from Traders, to Procurement, Operations &
Compliance, The challenge? Client wanted it all locally deployed. 🤝







Commercial people who understand banking, can articulate
benefits of cloud solutions, & implement hyper growth sales methodologies
are extremely rare. Having a rolodex of contacts & leaning on a network
won’t cut it anymore. People buy from People whilst Bankers, buy from Bankers
who know how to sell technology. 🚀🚀







Do you agree?
 
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Josephine C. Mar 14, 2023
Knowledge Share
Last active over 7 days
Last active over 7 days
Hey folks! My design agency has been working on a gamified savings app called Yotta, and I wrote a case study breaking down how we used UI/UX design to create a fun fintech experience. Check it out!https://webuild.io/case-studies/yotta/
 
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