Fintech Insider Podcast by 11:FS
814. Insights: Our 2024 fintech predictions
Jan 4, 2024
The hosts make bold predictions for the fintech industry in 2024 and reflect on last year's predictions. They discuss innovation for SMEs, access to credit, and debt management. The slow progress in fintech is highlighted, along with the importance of life orchestration and financial literacy. Tailored credit for SMEs and modernizing core systems are explored. Fintech predictions for the wealthy and underserved are discussed, including the desire for digital experiences, financial wellbeing, and potential IPO prospects.
41:37
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Quick takeaways
- Fintech innovation will increasingly target the wealthy and mass affluent, while financial wellbeing will remain a key battleground in the industry.
- Big banks are expected to acquire B2B fintech companies specializing in KYC solutions or advanced data and AI capabilities for strategic advantages and competitive edge.
Deep dives
Prediction and Reflection on Fintech Trends in 2023
In this podcast episode, the speakers reflect on their predictions for the fintech industry in 2023. They discuss the innovation around the unhappy path of fintechs, the progress of tailored credit access for SMEs, and big banks facing their core system issues. They acknowledge that some progress has been made but highlight that there is still room for improvement. The speakers also make new predictions for 2024, focusing on more fintech innovation for the wealthy and mass affluent, continued emergence of financial wellbeing as a key battleground, and the possibility of a big bank acquiring a big fintech for technological advantage.
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