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Back in 2021, I wrote about one of my previous obsessions, the FinTech Pursuit of Financial Well-being 🌐 I thought I repurpose this content for the next generations of Fintech pals. As technology continues to revolutionize our lives, with FinTech investments soaring globally, the Personal Financial Management (PFM) segment still seeks critical success. Consumer finance, encompassing retail banking and PFMs, garnered 30% of 2020's investments, accumulating $70 billion in a decade. However, most funding went to neobanks and superapps, leaving PFMs striving for prominence. PFM applications, like Mint, aimed to empower users in finance management, yet faced limited success. Challenges include insufficient behavioral change, low financial literacy, and a rapidly evolving FinTech landscape. Nevertheless, there's room for growth, with consumer adoption of fintech services rising, particularly due to the pandemic's impact, presenting an opportunity for new PFMs. The emergence of infrastructure fintech and the rise of neobanks reflect the third wave of FinTech, enabling a more sophisticated approach to personal finance. Several PFMs have specialized their services for specific user segments, such as couples, millennials and GenZ, and women, signifying a growing commitment to advancing financial well-being. 💼🚀 Who are the current PFM players in the US and Europe? The ecosystem showcases numerous popular PFMs, each specializing in different user segments. Testing these products and providing feedback is crucial for their continuous improvement in advancing our path to financial well-being. If you're building in that space or keen to explore further, don't hesitate to reach out! Read more here: https://lnkd.in/einBWpaH A few things have changed since then for sure, among them, the unleash of the AI wave... — Thank you for reading! If you found this interesting: ♻️ Repost ✍️ Comment ➕ Follow me, Anais Cisneros, to join 7,000+ interested in startups & venture capital.

Just a few years ago the word "traditional" wouldn't be used as a descriptor for fintech – yet here we are, witnessing a fascinating evolution beyond its conventional boundaries. In a recent Sifted article, our Principal Nitya Gupta shared her insights on this transformation and what she looks for as an investor: "For a long time now, fintech has been focused on penetrating traditional financial services — neobanks, banking-as-a-service, cross-border payments, P2P transfers, to name a few. This has been huge. Most leading B2B and consumer fintech names were built during this time. While I believe there is still more innovation to come in these traditional fintech sectors, fintech has expanded beyond its traditional realm. It’s horizontal and present in every tech stack, now used to power businesses building in other sectors." This shift is profound. Think of fintech as a technology rather than just an industry. 💡 At 13books, over half of our Fund II deployments focus on this vision – we're proud to support great companies like Lune, Aria, and Ramify, among others to be announced. "I am keen to meet great founders building at the intersection of fintech and other sectors such as healthcare, net-zero transition, gaming, tech-enabled services, cybersecurity, verticalised software, and more. We see a huge opportunity here." 🏥🎮🌍 Thanks to Tom Matsuda for the feature!

#Embedded #fintech is rapidly reshaping the landscape of financial integration, offering companies unprecedented opportunities to elevate their services. From streamlining transactions to optimizing user experiences, this innovative approach is revolutionizing the way businesses engage with finance. By embedding fintech solutions directly into their platforms, fintechs can seamlessly integrate various financial services, providing their customers with convenient access to #banking, #payments, and more. This not only enhances the value proposition but also fosters stronger customer loyalty and satisfaction. Here, dive into our latest blog to discover more about #embeddedfintech opportunites and more👇 https://lnkd.in/gMfyvftj

What’s hot in fintech: VCs and founders speak at the Fintech Meetup. Fintech VC investments were down in 2023 with 2,082 deals and $35.2bn, -31% and -42% relatively to 2022. Starting 2024, a public tech market rally and some large upper rounds give us some hope that the fintech trough is behind us or close. Some fintech green shoots were spotted from a round of interviews with VCs and founders in the Fintech Meetup last week in Vegas. I highlight 5 of them. Feel free to add others I have missed. -       Embedded finance: monetization of financial services to the customer base of marketplaces, retailers, accounting SW, ERPs, payroll SW. -       Instant payments: low cost, convenient, risk-free payment alternative to legacy payment rails. -       Cross border payments: low cost and instant payments for borderless commerce and payroll. -       B2B payments: corporate expense management, A/R invoice collections, A/P bill payments, revenue-based financing.   -       Financial AI: proprietary data trained models for fraud prevention, customer acquisition, cross-selling and retention, underwriting and collections.

Where is Fintech going in 2024? 🤔 Toqio’s CEO Eduardo Martinez Garcia shared his predictions for the industry in an interview with the fine folk of EU-Startups. From embedded finance in the corporate sector to recession-proofing revenue streams through fintech innovations, here are his key predictions: ⚖️ We'll see more and more regulations 🏦 A rise in AI and Machine Learning being used in the embedded finance sector - and AI will influence risk assessment and management 💪 Businesses will need more products and services to remain competitive 🚀 Fast growth across the B2B market Read all of Eduardo’s predictions in full in the article below👇 #EmbeddedFinance #B2B #Fintech

Recently, I found myself in a spirited debate with one of my team members over the term 'Fintech'. Their stance? All our clients, being financial services brands, fall under the Fintech umbrella because we help them with their websites - which is the primary way they gain customers. However, my perspective differed. I argued that true Fintechs prioritise technology to revolutionise how financial services are delivered, putting tech at the forefront and finance as a secondary focus. So, who's right? Or perhaps, were we both? Here's my take: While it's undeniable that our work with financial services brands involves a tech component, the essence of Fintech lies in companies leveraging technology as a core strategy to redefine financial services. I’m talking about the disruptors, the innovators, the ones driving change at the intersection of finance and technology. However, it's also valid to acknowledge the evolving nature of industries. Many traditional financial institutions are embracing technology to stay competitive, blurring the lines between traditional finance and Fintech - which was my team members' take on it. Ultimately, our debate highlighted how terminology is changing as rapidly as technology is. Whether our clients technically fit the Fintech label or not, our focus remains on leveraging technology to empower them in their respective niches. What's your take on the definition of Fintech? #Fintech #Technology #FinancialServices #Innovation #Debate 

Explore the future of finance: 2024's payment trends redefine sustainability, real-time transactions, and AI-driven solutions. Discover innovation at every transaction with #FintechEvolution. #PaymentTrends #DigitalTransformation #Technonology #Tech #Startups https://lnkd.in/eXVXad-Z

I recently came across an insightful study on how fintech is revolutionizing traditional financial services, with some exciting trends emerging. Fintech is broadening access to financial services, breaking down barriers, and reaching new audiences. The cost savings from streamlined processes are remarkable, with lower transaction costs making services more affordable. Fintech is also redefining how we interact with financial services, offering intuitive mobile apps and seamless digital wallets that focus on ease of use. The use of big data and analytics is enabling highly personalized financial products and services, tailored to individual needs. The study also points to challenges, particularly in regulatory frameworks and the disruptions faced by traditional financial institutions. Collaboration among fintech firms, traditional banks, and regulators is crucial to navigating these changes successfully. With fintech’s continued growth, the future holds exciting possibilities. This transformation is about technology and making financial services more accessible, efficient, and customer-focused. #fintech #financialservices #innovation #accessibility #userexperience #bigdata #regulation #collaboration #futurefinance #strategy #finance #financialplanning #financialstrategy #investment #financialanalysis #wealthmanagement

Unlock the Power of Seamless Fintech with Our White Label Solutions In today’s rapidly evolving financial landscape, innovation and agility are essential to staying ahead. After over 30 years of entrepreneurial experience, I’ve seen countless businesses face delays and rising costs when trying to launch new financial products and services. That’s why I’m excited to offer a solution—our white label Fintech stack, built to provide a faster, more efficient path to market. Whether you're a bank, Fintech startup, credit union, or insurance company, our customizable tech stack equips you with the tools you need to scale quickly, securely, and cost-effectively. From seamless account management and payment processing to lending solutions and card issuance, we’ve got all the key features covered. Here’s how our white label tech stack can help you: Faster Time to Market: Launch your new Fintech products in weeks, not months. Cost Efficiency: Avoid the expenses of building complex infrastructure. Compliance Made Easy: Ensure you meet all regulatory requirements. Focus on What Matters: Concentrate on your customers while we manage the tech. If you're ready to unlock your business’s full potential, let’s work together to bring the future of Fintech to life. Contact us today to see how we can accelerate your go-to-market strategy and help you stay ahead of the competition.

While fintech once aimed to disrupt traditional institutions, the financial services sector is evolving. FIs are eager to overcome legacy infrastructure in order to enhance customer experience and fuel tech-driven efficiencies, presenting an entirely new range of opportunities for B2B fintech innovators and investors capable of supporting and enabling this transformation. Sasank Chary and Andy Greos share their optimism for B2B fintech in Finextra, detailing five principles they believe will be critical for B2B fintechs to embrace in order to capitalize on market shifts in the current climate. #FinTech #B2B #FinancialServices #innovation Read more: https://lnkd.in/g7WVD36V