Andreessen Horowitz’s Post

💾 From telegraphs to AI-driven algorithms, fintech has evolved tremendously. No more 'balance my checkbook' – it's all about innovation now. Curious about what lies ahead? Dive into our latest blog to explore the history and future of fintech. 📈   #FintechJourney #InnovationAhead #FutureFinance https://lnkd.in/gyavH6vE

Financial technology, or FinTech, has seen its fair share of ups and downs lately but continues to grow at a staggering rate as clients, customers, bankers, and more seek the 'next best thing' in the combo of banking and tech. But what does that mean, and where does fintech look to be heading in the next few years? Let's take a look at a couple of the top predictions for 2024: https://bit.ly/48rMMCE #FinTech #FinancialTechnology #Banking #BankingTechnology

💹 Exciting to see the impact of artificial intelligence on the fintech industry! The use of large language models like BloombergGPT and FinBERT in financial services is revolutionizing the way we handle banking and financial transactions. #fintech #trends #technology

Explore how over 3,000 global fintech leaders at FinTech Connect discussed digital innovation, stablecoin regulation by the Bank of England, and the transformative power of generative AI on the industry. #fintech #payments #banking #finance https://lnkd.in/eGMRBgmS

knowledge is power, in that light, I highly recommend that you check out this exclusive alpha/insights on embedded finance, #neobank, cybersecurity and #AI in newest blog by our CEO @raj_scallop This is totally worth your time. https://lnkd.in/dDTm73TW $SCLP #BLOCKCHAIN

Fintech: Because who needs clear lines anyway? 😲 Brace yourselves, because fintech is here to paint outside the lines and give the consumer journey a makeover! From BaaS and embedded finance to AI/ML technologies, all with a touch of gamification.🎮 Here are the top 10 trends for 2023 to 2025 that are ready to blur, blend, and redefine: https://lnkd.in/ec4-inVS #FintechTrends #ConsumerJourney #FintechInnovation #FintechRevolution #AI #Fintech #Banking #Finance #Technology #InvestingInTheFuture #DigitalBanking #Neobank

Love this article - made my week to read it. Anyone who has ever heard me speak on the intersection of technology, financial services and regulations (because these boring rules actually dictate & shape how technology should be adopted and financial products are delivered to us as consumers), may recall having heard me say, "no one wants their bank to 'move fast and break things' with THEIR mortgage, pension, kid's university fund or savings account". #fintech #regtech #financialinclusion

"My passionate plea to the industry is this: understand the regulations that impact, and will impact, your sector. Understand, when it comes to financial services, customers don’t want to be dazzled; they want secure, easy-to-use, comprehensive products that meet their specific needs, where and when those needs arise. " Sharing this editor's blog with my network .... another #goodread from Elizabeth Lumley at The Banker #banking #media #payments #fintech

Love this article - made my week to read it. Anyone who has ever heard me speak on the intersection of technology, financial services and regulations (because these boring rules actually dictate & shape how technology should be adopted and financial products are delivered to us as consumers), may recall having heard me say, "no one wants their bank to 'move fast and break things' with THEIR mortgage, pension, kid's university fund or savings account". #fintech #regtech #financialinclusion

Harsh, but true (part 1: my less experienced perspective). Keeping up with high standards is always a challenge. Regardless of the industry, people expect others to pay the utmost attention to their money, health, beauty, lifestyle activities, etc. One might say that having a hassle-free banking solution that meets reimbursement requirements is as expected by people as having their coffee served on a clean table (no matter the Michelin-star restaurant or your local coffee shop). However, expectations vs reality is a funny thing. As a marketer in #fintech, I expect a high level of competence from myself too, knowing that I will most certainly fail once in a while. --- Harsh, but true (part 2: not being in line with regulations vs being fuzzy when talking about the rules that are applied to your business). I am not aware of who participated in the round table that Elizabeth refers to, but here’s a statement I would agree with: if you want to shine and get recognised, be prepared to answer related questions. For instance, if you compare yourself to #Revolut (which I actually admire and am willing to put “like” and “my #bankchallenger” in one sentence here), make sure that you know your subject. Just because this level of recognition comes with bigger responsibility. However, knowing from the inside how many of the much smaller #EMIs operate, I have an urge to show a little support: working extra hours and meticulously examining each case not only to stay lawful but also to genuinely help the client - this is another standard that many fintech companies hold to. --- Harsh, but true (part 3: the tech bros and lack of financial literacy). I understand that there are self-taught by ‘the tech bro cliché handbook’ people, who just want to earn quickly and disappear before being held responsible, but call me lucky because I’ve never dealt with those personally. On the contrary, what I’ve witnessed is highly motivated and proactive people working on adopting new technology and help underserved customers enter new markets without struggling due to systematic ignorance and a “limited mindset” approach. These behind-the-scenes people are far from fraud; they have decades of experience in business, finance, and law, and they actually believe in new opportunities and are breaking down walls with their own hands and heads. It would be good if they had more credit for that or at least more supporters like me, but in the more authoritative circles :) *** So, in short, my point: who cries louder and seeks attention is not necessarily the one that deserves it. There’s more to fintech than just imitating banks; it’s an opportunity to serve customers differently, with more attention and a deeper understanding of all aspects including business, regulation, and technology. And that’s a lot to consider. Modern banking isn’t yet ready for a better solution than what fintechs are offering to the public. And that, too, I consider to be harsh, but undeniably true.