26 December, 2024

Michael Zetser: Fintech Industry Challenges

As a former fintech CEO, Michael Zetser has unique insights into the fintech industry. This article will explore challenges faced by companies operating in the fintech ecosystem in 2022.

Tipped to grow to $31.5 trillion by 2026, fintech is an incredibly lucrative arena today. Against this backdrop, it is unsurprising that many new start-ups want to get in on the action, despite fintech being one of the most challenging niches to get into.

With already competitive markets, endless regulations and risky new technologies, inexperienced entrepreneurs venturing into the fintech market can soon find even the best fintech ideas quickly derailed.

Fortunately, there is no such thing as an immovable mountain when it comes to fintech. Common challenges in the sector demand patience, skill, and effort, but are usually conquerable.

Common challenges encountered in fintech today include:

  • Cybersecurity: With fintech innovations increasing by 72% across Europe throughout 2022, the industry has become a common target for bad players. According to a new report, new attacks on users’ profiles appear approximately every 39 seconds, with fintech companies emerging as the leading target of cybercriminals in 2022.
  • Industry Regulations: Due to the immense increase in regulatory fees relating to earnings and credit losses following the 2008 financial crisis, regulatory compliance has become one of the biggest challenges faced by companies operating in the fintech industry.
  • Lack of Mobile App Development Expertise: Throughout 2022, a common challenge faced by fintech companies has been a lack of technical expertise. The development of secure fintech solutions with smooth functionality requires a solid tech background and in-depth expertise. To produce apps with the highest level of security without compromising on quality requires fintechs to invest in building a team of skilled in-house engineers that are savvy with the newest tech advancements.
  • Integration of Modern Technologies: Technologies like blockchain, AI, machine learning and big data all offer valuable benefits for businesses seeking to expand their client base and create new business opportunities while simultaneously driving down costs. However, these companies need to invest in bringing on board experts capable of bringing these ideas to fruition rather than leaving the company floundering as it struggles with a series of unsuccessful attempts.
  • Winning and Retaining User Loyalty: Winning and retaining loyalty can be an uphill struggle for new start-ups entering into a highly competitive market. It can be earned by focusing on several aspects of the business, chief among them providing value and an outstanding customer experience.

In conclusion, fintechs are tipped to significantly increase their market share as consumers seek out faster, more convenient and more cost-efficient digital solutions. Creating a secure and effective fintech solution requires a skilled team and lots of effort – but for those that can outwit the competition and create a functional financial system, the rewards can be huge.


Claire James

Share

260 Comments

  1. escape room

    Hello there, just became alert to your blog through Google,
    and found that it is truly informative. I am going to watch out for brussels.

    I will appreciate if you continue this in future.
    Many people will be benefited from your writing. Cheers! Escape roomy lista

  2. webpage

    Hello mates, how is everything, and what you desire to say about
    this post, in my view its actually awesome designed for me.

  3. Mohamed Aucoin

    You made some really good points there. I checked on the net to learn more about the issue and found most individuals will go along with your views on this website.

  4. sex cams

    Greetings! Very useful advice within this article! It’s the little changes that produce the biggest changes. Thanks a lot for sharing!

  5. mağaza poşeti

    Nice post. I learn something totally new and challenging on blogs I stumbleupon every day. It will always be helpful to read through content from other authors and use a little something from other websites.

  6. toptan poşet imalatı

    I truly love your blog.. Pleasant colors & theme. Did you develop this website yourself? Please reply back as I’m planning to create my own personal website and would like to learn where you got this from or exactly what the theme is named. Thanks.

  7. tubidy

    You are so awesome! I don’t suppose I have read something like this before. So great to discover another person with some unique thoughts on this issue. Seriously.. thanks for starting this up. This website is one thing that’s needed on the internet, someone with a little originality.

  8. 토토사이트

    When I initially left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I recieve four emails with the exact same comment. There has to be a means you are able to remove me from that service? Thanks a lot.

  9. blue dream

    I have to thank you for the efforts you’ve put in writing this site. I am hoping to view the same high-grade content by you later on as well. In truth, your creative writing abilities has motivated me to get my own blog now 😉

  10. blue dream

    This is the perfect site for everyone who really wants to understand this topic. You realize a whole lot its almost hard to argue with you (not that I actually would want to…HaHa). You certainly put a new spin on a topic that has been discussed for decades. Great stuff, just great.

  11. 조이슬롯

    I would like to thank you for the efforts you’ve put in writing this site. I am hoping to see the same high-grade content by you in the future as well. In fact, your creative writing abilities has encouraged me to get my own site now 😉

  12. J88

    Hi! I simply want to offer you a huge thumbs up for your excellent information you have got here on this post. I’ll be coming back to your web site for more soon.

  13. liveprivates

    Your style is unique in comparison to other people I have read stuff from. Thanks for posting when you have the opportunity, Guess I’ll just book mark this site.

  14. Dacia Martincic

    You made some really good points there. I checked on the net for more info about the issue and found most individuals will go along with your views on this web site.

  15. Blue Dream

    This is a good tip especially to those fresh to the blogosphere. Short but very precise information… Thanks for sharing this one. A must read post.

  16. ragnarok private download

    Hi there, There’s no doubt that your site might be having web browser compatibility issues. When I take a look at your blog in Safari, it looks fine however, when opening in Internet Explorer, it has some overlapping issues. I merely wanted to give you a quick heads up! Other than that, excellent blog.

  17. online dispensary that ships to all states

    You’re so interesting! I don’t suppose I have read through anything like that before. So great to discover another person with original thoughts on this issue. Really.. thank you for starting this up. This site is one thing that’s needed on the web, someone with a little originality.

  18. 온라인슬롯

    Your style is so unique in comparison to other people I’ve read stuff from. I appreciate you for posting when you’ve got the opportunity, Guess I will just book mark this site.

  19. computer laptop accessories

    Can I simply say what a comfort to find someone that genuinely understands what they are talking about on the internet. You certainly understand how to bring an issue to light and make it important. A lot more people really need to check this out and understand this side of the story. I was surprised you’re not more popular since you definitely have the gift.

  20. sugar defender reviews

    I have actually dealt with blood glucose changes for
    years, and it truly influenced my power degrees throughout
    the day. Given that starting Sugar Protector, I really feel much more balanced and sharp, and I don’t experience those afternoon slumps any
    longer! I love that it’s an all-natural service that works without any rough
    side effects. It’s really been a game-changer for me

  21. tubidy

    It’s nearly impossible to find educated people in this particular topic, but you sound like you know what you’re talking about! Thanks

  22. primepickingsplace.shop

    I blog frequently and I seriously appreciate your content. The article has really peaked my interest. I am going to book mark your blog and keep checking for new details about once per week. I opted in for your RSS feed as well.

  23. tubidy

    Oh my goodness! Incredible article dude! Thank you, However I am experiencing troubles with your RSS. I don’t understand the reason why I am unable to subscribe to it. Is there anyone else getting identical RSS issues? Anybody who knows the solution will you kindly respond? Thanx!

  24. eco wool

    Hey! Do you know if they make any plugins to help with SEO?

    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Thanks! You can read similar article
    here: Eco bij

  25. PSAT Exam

    A fascinating discussion is definitely worth comment. I believe that you need to write more about this subject matter, it may not be a taboo subject but typically people do not discuss these issues. To the next! Best wishes!

  26. tripstomorocco

    I really love your site.. Excellent colors & theme. Did you develop this site yourself? Please reply back as I’m wanting to create my very own blog and want to find out where you got this from or what the theme is called. Thanks!

  27. Empire Of Billions Book

    Can I simply just say what a comfort to discover somebody who really understands what they’re discussing over the internet. You definitely realize how to bring a problem to light and make it important. More people have to read this and understand this side of the story. I can’t believe you aren’t more popular given that you most certainly possess the gift.

  28. 스카이슬롯

    Having read this I thought it was extremely enlightening. I appreciate you spending some time and effort to put this short article together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worthwhile!

  29. 경산오피

    Right here is the right blog for everyone who really wants to understand this topic. You understand so much its almost tough to argue with you (not that I actually would want to…HaHa). You certainly put a brand new spin on a subject that’s been written about for decades. Great stuff, just great.

  30. go here

    You are so interesting! I do not think I have read through a single thing like that before. So good to find somebody with a few unique thoughts on this subject. Really.. thank you for starting this up. This web site is one thing that is needed on the web, someone with a little originality.

  31. dropshipping belgie​

    I really love your blog.. Great colors & theme. Did you build this web site yourself? Please reply back as I’m wanting to create my very own website and want to learn where you got this from or exactly what the theme is named. Thanks.

  32. porn

    Hello there! I could have sworn I’ve visited this site before but after going through some of the articles I realized it’s new to me. Anyways, I’m certainly pleased I found it and I’ll be book-marking it and checking back regularly!

  33. casino bet

    You’ve made some decent points there. I looked on the internet to learn more about the issue and found most people will go along with your views on this site.

  34. 고래슬롯

    I’d like to thank you for the efforts you’ve put in writing this blog. I really hope to see the same high-grade blog posts by you in the future as well. In truth, your creative writing abilities has encouraged me to get my own site now 😉

  35. binance

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  36. website here

    Having read this I believed it was extremely enlightening. I appreciate you taking the time and effort to put this informative article together. I once again find myself personally spending way too much time both reading and posting comments. But so what, it was still worth it!

  37. porn

    That is a great tip particularly to those fresh to the blogosphere. Simple but very accurate info… Thank you for sharing this one. A must read post!

  38. Y2MATE

    I seriously love your blog.. Very nice colors & theme. Did you create this web site yourself? Please reply back as I’m hoping to create my own site and would love to find out where you got this from or what the theme is called. Appreciate it!

  39. porn

    Great blog you have here.. It’s difficult to find quality writing like yours these days. I really appreciate individuals like you! Take care!!

  40. porn

    After looking into a handful of the blog posts on your web site, I seriously appreciate your way of writing a blog. I saved it to my bookmark webpage list and will be checking back soon. Please check out my website too and let me know how you feel.

  41. porn

    Oh my goodness! Incredible article dude! Many thanks, However I am having troubles with your RSS. I don’t know why I am unable to subscribe to it. Is there anyone else getting identical RSS problems? Anyone that knows the solution will you kindly respond? Thanx!!

  42. more hints

    This is a good tip especially to those fresh to the blogosphere. Brief but very accurate info… Appreciate your sharing this one. A must read post.

  43. find more info

    Good post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be interesting to read through content from other writers and practice something from their websites.

  44. go

    I’m impressed, I must say. Seldom do I encounter a blog that’s both equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The issue is something not enough men and women are speaking intelligently about. Now i’m very happy I found this in my hunt for something regarding this.

  45. isis nile porn

    The very next time I read a blog, I hope that it does not disappoint me as much as this one. After all, Yes, it was my choice to read through, however I actually thought you would probably have something interesting to say. All I hear is a bunch of crying about something you could fix if you were not too busy seeking attention.

  46. villainous porn

    I must thank you for the efforts you’ve put in penning this blog. I’m hoping to view the same high-grade content from you later on as well. In truth, your creative writing abilities has encouraged me to get my own, personal site now 😉

  47. veondre porn

    I would like to thank you for the efforts you’ve put in penning this site. I am hoping to check out the same high-grade content from you in the future as well. In fact, your creative writing abilities has motivated me to get my own, personal website now 😉

  48. deleted porn videos

    Aw, this was an incredibly nice post. Spending some time and actual effort to create a very good article… but what can I say… I put things off a lot and don’t manage to get anything done.

  49. ufc girls porn

    May I just say what a comfort to discover an individual who really knows what they are talking about on the net. You actually understand how to bring an issue to light and make it important. A lot more people need to look at this and understand this side of your story. I was surprised that you are not more popular because you surely have the gift.

  50. emily kae porn

    The very next time I read a blog, Hopefully it won’t disappoint me just as much as this one. I mean, Yes, it was my choice to read through, but I actually believed you’d have something useful to say. All I hear is a bunch of moaning about something you can fix if you weren’t too busy seeking attention.

  51. aya hitakayama porn

    An impressive share! I’ve just forwarded this onto a colleague who was conducting a little research on this. And he actually bought me breakfast because I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to discuss this issue here on your internet site.

  52. tooturntuncensored porn

    I would like to thank you for the efforts you have put in penning this website. I really hope to check out the same high-grade blog posts from you in the future as well. In truth, your creative writing abilities has encouraged me to get my own, personal blog now 😉

  53. like this

    Aw, this was an extremely nice post. Spending some time and actual effort to generate a good article… but what can I say… I procrastinate a lot and don’t seem to get anything done.

  54. Crypto

    Good post. I learn something new and challenging on blogs I stumbleupon on a daily basis. It will always be useful to read through articles from other authors and use a little something from other websites.

  55. asics gel kayano 14

    Hello! I could have sworn I’ve visited your blog before but after going through many of the posts I realized it’s new to me. Regardless, I’m definitely happy I found it and I’ll be bookmarking it and checking back often.

  56. Bitcoin

    You’re so awesome! I don’t believe I’ve truly read something like that before. So wonderful to find somebody with some unique thoughts on this subject. Really.. thanks for starting this up. This site is one thing that is required on the web, someone with some originality.

  57. Best Stocks

    Good post. I learn something totally new and challenging on websites I stumbleupon every day. It’s always helpful to read through articles from other authors and use a little something from their sites.

  58. Finance Domains

    An interesting discussion is worth comment. There’s no doubt that that you ought to write more on this subject, it might not be a taboo subject but usually people don’t speak about these subjects. To the next! All the best!

  59. cleanest body colibrim ai

    Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I am going to return yet again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to guide others.

  60. https://make1m.com/

    I blog frequently and I genuinely appreciate your content. This great article has really peaked my interest. I’m going to book mark your site and keep checking for new details about once a week. I opted in for your RSS feed as well.

  61. https://www.myfastbroker.com

    Howdy! This blog post could not be written much better! Looking through this post reminds me of my previous roommate! He always kept preaching about this. I am going to forward this information to him. Pretty sure he’s going to have a good read. Many thanks for sharing!

  62. snaptik

    Everything is very open with a clear description of the challenges. It was definitely informative. Your website is extremely helpful. Thanks for sharing!

  63. random wallet address eth

    Right here is the right blog for anyone who really wants to understand this topic. You understand so much its almost tough to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a subject which has been written about for decades. Excellent stuff, just excellent.

  64. 파라존 카지노

    Nice post. I learn something new and challenging on blogs I stumbleupon on a daily basis. It will always be exciting to read articles from other writers and practice a little something from their websites.

  65. Ufabet

    I have to thank you for the efforts you have put in writing this site. I am hoping to view the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has motivated me to get my very own blog now 😉

  66. หวยออนไลน์

    Hi there! I could have sworn I’ve been to this website before but after browsing through some of the posts I realized it’s new to me. Anyhow, I’m definitely pleased I discovered it and I’ll be bookmarking it and checking back frequently!

  67. Ufabet

    I blog frequently and I truly thank you for your content. The article has really peaked my interest. I will bookmark your site and keep checking for new details about once per week. I opted in for your RSS feed as well.

  68. แทงบอล

    After I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. There has to be a means you can remove me from that service? Thanks.

  69. https://www.traceloans.com/

    I seriously love your website.. Excellent colors & theme. Did you make this site yourself? Please reply back as I’m looking to create my very own website and would love to know where you got this from or what the theme is called. Thank you.

  70. www.procurementnation.com

    Oh my goodness! Impressive article dude! Thanks, However I am experiencing problems with your RSS. I don’t understand why I cannot join it. Is there anybody else getting similar RSS issues? Anyone that knows the solution will you kindly respond? Thanx!!

  71. http://make1m.com

    Aw, this was an extremely nice post. Spending some time and actual effort to produce a top notch article… but what can I say… I put things off a whole lot and never manage to get anything done.

  72. Money

    May I simply say what a relief to uncover someone that genuinely understands what they are discussing on the net. You definitely realize how to bring a problem to light and make it important. More and more people need to check this out and understand this side of your story. I can’t believe you are not more popular given that you surely possess the gift.

  73. visite site

    Good post. I learn something new and challenging on blogs I stumbleupon on a daily basis. It will always be interesting to read content from other writers and practice something from other sites.

  74. click site

    You made some decent points there. I looked on the net to find out more about the issue and found most people will go along with your views on this site.

  75. http://crypto30x.com/

    After exploring a handful of the blog articles on your blog, I honestly like your way of blogging. I saved as a favorite it to my bookmark webpage list and will be checking back in the near future. Take a look at my website too and let me know your opinion.

  76. see this here

    You’re so awesome! I don’t suppose I have read something like that before. So nice to discover somebody with a few genuine thoughts on this subject. Seriously.. thanks for starting this up. This web site is one thing that is needed on the internet, someone with a little originality.

  77. this site

    I’m impressed, I have to admit. Rarely do I come across a blog that’s both educative and engaging, and let me tell you, you’ve hit the nail on the head. The problem is something that too few people are speaking intelligently about. Now i’m very happy that I stumbled across this in my search for something regarding this.

  78. sexy bp video

    Hey there! I simply would like to give you a big thumbs up for the excellent info you’ve got right here on this post. I am coming back to your website for more soon.

  79. FUCK YOU NEWSBTC

    An outstanding share! I’ve just forwarded this onto a co-worker who had been doing a little research on this. And he actually bought me lunch due to the fact that I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to talk about this subject here on your blog.

  80. look at here

    Having read this I believed it was very enlightening. I appreciate you taking the time and effort to put this informative article together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worthwhile!

  81. https://mhpa.ge/

    Hello there! This blog post could not be written much better! Going through this article reminds me of my previous roommate! He continually kept preaching about this. I most certainly will forward this article to him. Pretty sure he’s going to have a great read. Many thanks for sharing!

Leave a Reply

Your email address will not be published. Required fields are marked *