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Welcome to the newest version of the Finovate eMagazine. As we kick off one other concern filled with fintech insights and profiles, I’d like to begin with an previous joke that’s been on my thoughts just lately. It goes one thing like this: two males have been mountaineering within the woods once they came across a bear. One of many males instantly knelt down and started lacing up his footwear. The opposite one stated, “it doesn’t matter how tight your footwear are, you’ll by no means have the ability to outrun that bear.” The primary one replied, “I don’t need to outrun the bear, I simply need to outrun you.”
For a very long time, fintech innovators have been in a position to survive just by beating their closest opponents, ensuring that they’re one step forward of these they understand to be operating from the identical fundamental threats that they’re. For essentially the most half, this has been true. Banks which have ignored new applied sciences have failed to draw new clients, they usually’re dying out, leaving a larger market share for people who stay. Legacy fintech suppliers that haven’t up to date or upgraded aggressively are shedding out to people who have. And fintech startups that haven’t correctly used the capital they’ve been allotted have been compelled to endure painful layoffs or, in some instances, shutter their doorways altogether, leaving extra room for these which were in a position to function extra effectively.
Briefly, falling behind your closest rivals has been pricey, whereas staying forward of them has been rewarding.
Our Finovate conferences showcase key insights that can show you how to run quicker. On this eMagazine, we carry recent content material from FinovateSpring 2023 and focus on crucial traits in fintech at the moment.
Find out about the important thing developments making monetary providers extra accessible for each customers and companies
Watch interviews with key trade giants, together with Wade Arnold, Barb MacLean, Charles Potts, and Sarah Hinkfuss
Stand up so far with new developments in generative AI and metaverse use instances, embedded finance, geopolitical dangers, and extra
Learn unpopular tech opinions from our demoers and the important thing points surrounding card packages
Meet up with our fintech founders and see what they need to say about launching startups within the present panorama
Entry now >>
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