An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. This may give you a single interface in which you can manage multiple currencies, with separate account details for each currency. You may get a
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The priority for most new Fintech’s at the outset of your journey will be to get a MVP. This may be to attract investment, get to market and therefore onboarding clients and generating revenues as quickly as possible. Many start out with a clear idea of what you are going to be bringing to the
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Competition in business is always fierce, so many Fintech businesses look to find an innovative solution to common problems in order to differentiate themselves from their rivals. Other businesses look primarily at how user-friendly their model is, and the use of innovation and technology will provide a slicker user experience. Whichever approach a business takes,
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In recent years there have been a significant number of new Fintechs launched with much hype, here in the UK. Many of these appear to have been brought to market quickly, on the back of a pre-paid card platform and are buying customers now with a plan to build a revenue model at some point
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As a new Fintech preparing to come to market with your new services there are many demands on what may initially be limited resources. You will need to obtain your FCA licence, create the platform on which your service will operate, take on board the necessary staff to satisfy the regulatory requirements and service your
-> Continue reading How should a new Fintech be allocating resources?