Fintech Takes Fintech in 2025: Where the Industry Goes Next - The Optimists' Case for Fintech in 2025
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Nov 18, 2024 Simon Khalaf, CEO of Marqeta, shares insights on the bright future of fintech as we approach 2025. He discusses how regulatory updates signal industry maturity, creating opportunities for innovation. Khalaf emphasizes the role of AI in building trust and enhancing consumer engagement through new models like 'Buy Now, Pay Later.' The conversation also explores the importance of aligning incentives among fintechs and regulators to foster sustainable growth, while adapting to changing interest rates and evolving financial infrastructure.
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Regulation & Clarity
- Regulatory clarity is crucial for fintech's growth.
- Clearer rules enable faster innovation while ensuring safety and responsibility.
Early Regulatory Adaptation
- Addressing regulatory issues early on is better than later.
- Delaying inevitable changes in financial services only makes them more painful when they happen.
Infrastructure Advancements and Consumer Experience
- US financial infrastructure has improved, but consumer experience needs work.
- Real-time payments and open banking exist, but safety concerns remain.