Fintech's Existential Crisis: Serving Clients and Remaining Competitive 2023 | Finextra | 17 July 2023 | Webinar

Watch this webinar, in association with Banking Circle, to discover how fintech's are evolving their operations and managing partnerships to face economic turbulence and financial uncertainty in 2023.

• How has the fintech industry been impacted by recent global economic crises?
• How should fintech's increase their payments efficiency to control spending in an environment of mounting cost pressure? How will this impact fintech clients?
• How are fintech's modernizing their payments strategies to maintain competitive?

Recent global financial and economic crises have impacted the efficiency and expenditure of fintech's worldwide. The conflict between Russia and Ukraine and the spike in global interest rates has added strain to the industry, with the influx of risk, sanctions, and new regulations. Banks are under pressure after the notorious collapse of Silicon Valley Bank, and so fintech's are looking to new solutions to shift the tide. Fintech's are having to adapt to an environment of increasingly constrained funding by focusing on efficiency and cost reduction in their business processes, including their payments stack. As a result, working with multiple banking providers and their associated integrations is increasing development and administrative costs to levels that are difficult to sustain while also increasing their compliance burden. Fintech is facing an existential crisis where these pressures are changing the expectations of fintech clients, often financial institutions, which seek streamlined and bespoke solutions for their cross-border payments needs. Financial institutions should look to partner with fintech's which are adapting their offering to provide access to a suite of solutions and added-value propositions in one place. These are the fintech's have a track record of increasing client stickiness and outpacing the competition.

2023 Speakers

MODERATOR:

Jane Cooper
Researcher, Finextra

SPEAKERS:

Livia Benisty
Chief Business Officer, Banking Circle

Vincent Marchand
Head of Fintech Lab, Global Cash Management, BNP Paribas

Shaun Puckrin
VP of Product, Checkout.com