With the threat of Brexit, and the changing regulatory environment, fintechs that are looking to expand their offering in the future are having to deal with constant challenges. As outlined in previous blog posts, there are ways around these challenges, but how should your fintech plan for future challenges?
This week saw the first International FinTech Conference organised by the Department for International Trade, and held in London.
As predicted, the Chancellor used the platform to speak about Britain in a post-Brexit era, and looking to the wider world.
The fintech industry has been in the ascendancy for years now, and hundreds of small businesses have taken the sector by storm. Countless challenger banks have sprung up over recent years, many of them offering different services. However, there are still a number of challenges that fintechs face as they look to scale up and grow their business. Here are two of the most common issues encountered by challenger banks, and some potential ways to solve them.