Taking FinTech by Storm 🌩️ #9
A hearty hello and welcome back from 'sunny' Amsterdam! 👋
Given that it's tulip season, we're in a cheery mood, so why not celebrate some of our favourite FinTechs blossoming in the Netherlands 🌷
Shoutout to these FinTastic companies:
⚡ Revolut
⚡ bunq
⚡ Knab
⚡ Bitvavo
⚡ BUX
⚡ Peaks
⚡ Dyme
⚡ Lemonade
Payments | Buy Now, Pay Later
⚡ in3
Recommended by LinkedIn
Check out the full article by clicking on the image down below 🖱️
Given the tremendous growth of FinTech and the influx of customers some startups face, it's rather unsurprising that sometimes compliance standards are not met. However, this is by no means an excuse for not tackling this issue. Especially, since there is a whole FinTech subsector dedicated to compliance...RegTech.
FinTechs have gotten into hot water recently around regulatory issues. Not mentioning any names...we're not that cruel. Jokes aside, what causes this and how can it be solved?
One point of tension between innovation and regulation is the transactions that many FinTechs make possible. As more companies adopt artificial intelligence, machine learning, and blockchain into their business model, the easier transactions will be to conduct.
New generations of RegTech tools come with new technologies, meaning more opportunities to improve compliance. The use of AI has helped promptly identify differences between real customers and potential fraudsters, creating a safer and smoother experience whilst abiding by regulatory requirements. By using automated processes, compliance departments can cut down on instances of human error or oversight.
Curious to find out more? 🤔
Oh and given all the financial craze recently, how can we not dedicate a section to all things crypto?!
Traditional banks haven't exactly had their glory days recently. With consumers losing trust in traditional finance, is this the time for crypto to shine? Is this where cryptocurrencies such as Bitcoin or Ethereum prove their value?
Taking a look at recent performances:
Interested in finding out more about crypto? Check out our Resource Hub 👈
That's a Wrap, Folks!
Can you believe it? We've reached the end of the ninth edition of Taking FinTech by Storm. It's bittersweet, we know!
But hey, the good news is that the tenth edition is just around the corner, coming at you in two weeks' time. Can't wait? We're flattered! If you're itching for more FinTech goodness, hit us up here 👈 and let's keep the party going!
See you soon! 💙