Down With the Wall: Product Development Barriers in FinTech - Seguridad Mania.com - España y América Latina

Tech Companies and Start-ups that aim to solve problems in the financial industry have a much harder time than those, that work on simple consumer products. That’s because the financial market is riddled with inefficiencies, which arise because of a number of separate, but equally important issues. We'll discuss some of these issues in this webinar, such as: -Regulations are being updated too slowly / Regulations are too complex / Complex Legislation -Banks are still the most important power in the financial markets / Hegemony of banks in the industry / The everlasting strength of traditional banks -Fintech products have weak popularity compared to other consumer products / Negative associations related to the whole Financial sector / Lack of consumer trust for financial products -Hard to reach software developers with experience / Software Developers can’t be found / It’s hard to hire the right people for the job -Data safety / User privacy / Safety of exchanging financial information