a16z Podcast
Fintech Fuels Global Payments
Oct 30, 2023
Explore the complexities of global payments where 5% of the world's GDP is laundered annually. Discover how fintech entrepreneurs tackle challenges like currency conversion and regulatory hurdles. Learn about the impact of smartphone penetration on financial accessibility in countries like Brazil. Uncover the unique payment preferences in Latin America and the Canada-U.S. corridor. Venture into the innovative potential of a global payment system, encouraging entrepreneurs to harness technology for a financially inclusive future.
39:39
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Quick takeaways
- Startups that can provide solutions for streamlining compliance workflows and ensuring regulatory adherence have a great opportunity in the global payments infrastructure.
- Startups that focus on developing advanced fraud prevention and detection systems to safeguard cross-border transactions can tap into a growing market.
Deep dives
Opportunity in Solving Compliance Problems
One of the major opportunities in the global payments infrastructure is related to compliance. Navigating the complex regulatory landscape and ensuring compliance with constantly evolving regulations is a significant challenge for businesses. Startups that can provide solutions for streamlining compliance workflows and ensuring regulatory adherence have a great opportunity in this space.
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