Carlos Netto’s Post

Discover how Deserve harnesses its modern credit card ecosystem to navigate the fintech downturn, despite facing challenges from the BlockFi bankruptcy. #banking #news #finance #fintech https://lnkd.in/eCJAP_DU

Banks- We need to talk !!! Great way to give banks a reality check. How things are going within domestic banks, matching the agility of fintechs is impossible. Yes, banks have resources to experiment and yes cost of failed experiments will not be 'material'-accounting term. Fintechs - we also need to talk!!!! You can never gain trust of the general public to hold funds and yes Balance sheets fuelled by any rounds of funds will not be sufficient to scale. Future- Fintechs should strive to become the front end of banks. It's like spinning off or outsourcing digital sections of banks- trust me it will save a lot of costs. Attempting to destroy each other will be counter productive. Innovation requires a very agile environment and culture set on very different sets of values. I remember reading 'The Innovator's DNA' by HBR a long time back and the central idea was a personality with the following questions: "Why, Why Not, What if'.... & off course aggression is compulsory. Continuous competitive edge requires continuous innovation and banks have no KPI called "Innovation" and fintechs have no KPI other than "innovation". Ali Mubashar Kazmi #innovation #fintechstartup #fintech #payments

The first step is to understand that the cultures of banks and fintech startups are fundamentally different. Banks are highly regulated, and therefore staffed with leaders who are often inherently conservative. Fintech startups on the other hand are typically driven by growth, staffed with programmers and product managers — and backed by investors who are not parties to (and may not value) their fintechs’ banking relationships. #creditunions #bankingindustry #financialservices #fintech #mortgagelending #growthstrategies #managementconsulting #money

🚨The bankruptcy of Silicon Valley Bank is favoring digital banking entities that provide services to startups. Among them, Mercury has been the biggest beneficiary, with a capture of over $2 billion in deposits and thousands of new #customers in just six days. 👉In this context, digital entities have an #advantage over traditional banks, as they are faster in opening new accounts and typically offer more personalized products to startup customers and venture capital #investors. The economic instability of traditional banks can be an opportunity for digital banks to grow. In your opinion, what new opportunities may arise?🚀 #opportunity #digital #startup #bank #opportunities #banks #digitalbanking #venturecapital #venturecapital #startups #theflock

What is fintech? Fintechs have successfully highlighted existing financial institutions’ weaknesses—in digital user experiences as well as in operational efficiency. It almost doesn’t matter how much market share fintechs take from incumbents when they have so successfully recast customer expectations. #FinTech #FinancialTechnology #bluSwap #TechInFinance #InnovationInFinance #DigitalBanking #FinTechEducation #FinTechTrends #BankingTech #FutureOfFinance #FinancialInnovation #FastFlowPay

In sectors like mobile banking and commission-free trading, fintech companies have had a profound on financial incumbents. In other areas, the future of banking and fintech is still being developed. #DesignBanking by By David Jegen and Sarah Lamont via The Financial Brand #Fintech #Banks #payments

“The FinTechs are becoming more ‘in tune’ with what needs to be done on the regulatory and compliance front,” said Sezzle CEO Charlie Youakim. “They have been brought into the fold, and have been ‘professionalized’ — and now may be ready to be brought into a bank.” He stressed that not all banks will seek to buy up their smaller FinTech partners. There are some banks that are focused on “professionalizing” partnerships, he said, but don’t act as acquirers. In fact, some banks, including Web Bank and Cross River, specialize in “growing” FinTechs to the point where another bank would be interested in buying the startup. #fintech #regulatorycompliance #banking #partnerships #venturecapital #mergersandacquisitions

In sectors like mobile banking and commission-free trading, fintech companies have had a profound on financial incumbents. In other areas, the future of banking and fintech is still being developed. #DesignBanking by By David Jegen and Sarah Lamont via The Financial Brand #Fintech #Banks #payments

🚨 Unwrapped | Regulatory actions prompt rethink among #fintechs From valuations to regulations, the sentiment shift in the world of fintechs has been palpable over the last six months. Regulatory actions have pushed investors, founders and even product managers to start thinking differently. The incident with #Paytm Payments Bank was an eye opener of sorts for the entire industry. The message is very clear: there is nothing grey in regulatory terms, it is either white (following regulations) or black (breach of regulations). https://lnkd.in/dd5SdS_P By Pratik Bhakta

Fintechs generate about 5% of the global banking sector’s net revenue, but this number is set to increase as Fintech growth outpaces the rest of the industry by 3x. Our new report lays out what is behind this #growth and what #Fintechs can do to maximize their potential. Download your copy of “Fintechs: A new paradigm for growth” here https://lnkd.in/gumSJFQY #Fintech #GrowthStory #McKinsey #Banking