Fintech Insider Podcast by 11:FS
924. Insights: Was 2024 the year fintech bounced back?
Dec 19, 2024
Benjamin Ensor, Director of Research & Strategy at 11:FS, discusses open banking and digital transformation. David-Barton Grimley, FinTech Strategy Director, shares insights on the impact of mergers on banking services. Jason Mikula, fintech expert and founder of Fintech Business Weekly, reflects on the neobank profitability surge in 2024. The trio examines challenges in obtaining banking licenses and the role of AI in finance, balancing productivity with fraud risks. They also explore consumer shifts towards digital banking and reminisce humorously about social media experiences.
56:25
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Quick takeaways
- Fintech showcased resilience in 2023 post-banking crisis, indicating growth potential and adaptability within the industry for 2024.
- Mergers and acquisitions dominated the financial services landscape in 2024, reflecting a strategic shift towards consolidation and economies of scale.
Deep dives
Finimize's Role in Customer Retention
Finimize provides engaging finance content tailored for retail investors, addressing the challenges in customer acquisition and retention faced by financial services. With a library of over 20,000 pieces, created by former Wall Street analysts, the platform allows firms to white label the content, enhancing their brand's value. Features such as advanced tagging enable personalization according to customer portfolios, making content more relevant. The ability to access this content in over 29 languages positions companies to cater to a global audience effectively.
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