Purpose Driven FinTech Founder: Think differently: be a challenger, not an excellent sheep. How data enrichment can help you stand out and remove anxiety from your customer's lives | Ken Hart, CEO and Founder at Snowdrop Solutions
Today I speak with Ken Hart, CEO and Founder at Snowdrop Solutions, a data enrichment FinTech. We talk about the importance of clarity and transparency of transactions in financial services, focusing on solving every day problems, the need for a user-centric approach using personalized spending insights and recommendations, the benefits of autonomy in building a company to have a meaningful impact on users' lives and the importance of creating a culture that builds challengers, not excellent sheep
"There's moments in people's lives where there's a lack of clarity, a lack of transparency, and if you could just make sense of it quickly and intuitively... people just get it."
Let’s dive into it!
👉 You can find Ken here
- LinkedIn: https://www.linkedin.com/in/kenhart/
- LinkedIn Snowdrop: https://www.linkedin.com/company/snowdropsolutions/
- Website Snowdrop: https://snowdropsolutions.co.uk/
👉 And you can find Monica here:
- LinkedIn: https://www.linkedin.com/in/monicamillares/
- TikTok: https://www.tiktok.com/@moni_millares
- YouTube: https://www.youtube.com/@moni_millares
- Website: https://moni-millares.mystrikingly.com/
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In this Purpose Driven FinTech episode we cover:
(0:00:00) Financial stress in the UK: 40% of users struggle financially
(0:00:34) Snowdrop's goal: Provide clarity on spending and transactions
(0:01:52) Solving daily problems for consumers
(0:03:39) Ken's definition of success
(0:04:42) Ken's productivity habits: Walk and talk, and focused music
(0:07:00) Motivation behind starting Snowdrop: Autonomy and long-term vision
(0:11:23) Snowdrop's expertise: Providing clarity and intuitive user experience.
(0:13:09) Use case in financial services: Enhancing transaction clarity and reducing anxiety.
(0:22:52) Snowdrop's vision for the future: Spending insights and ESG tagging.
(0:26:35) How has autonomy helped Snowdrop build the product that they wanted to build?
(0:29:15) Defining what to build and not to build. Becoming a day to day product
(0:32:29) Career advice for kids getting ready for the university
(0:34:03) Choosing meaningful work over society expectations
(0:36:25) Leadership and culture at Snowdrop, why attitude matters
(0:38:15) Building a culture of challengers, not excellent sheep
(0:39:27) The one thing Ken would change in FinTech: Thinking about customer experience
(0:42:09) Where to find Ken and the team
SEARCH QUESTIONS
- What is data enrichment in FinTech?
- What are toothbrush products in product management?
- How to build everyday use FinTech products?
- How to create clarity in financial transactions?
- What does it mean to be a challenger not an excellent sheep?
- How to build a profitable FinTech without VC funding?
- What is transaction enrichment and why does it matter?
- How to focus on solving everyday customer problems?
- How to say no strategically in product development?
- What is the importance of autonomy in building companies?
- How to create user-centric financial services?
- How to prioritize product features by saying no?
- What is the role of transparency in financial services?
- How to build personalized spending insights?
- How to connect dots in product strategy?
- What are the benefits of bootstrapping a FinTech?
- How to focus on core competencies in FinTech?
- How to improve merchant name clarity in banking?
- What is the walk and talk productivity method?
- How to think differently in competitive FinTech markets?
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Production and marketing by Monica Millares. For inquiries about supporting or sponsoring the podcast, collabs or guest appearances email Monica at fintechwithmoni@gmail.com
Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.