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Maybe I'm missing the whole point but I've never completely understood the concept of fintech. From what I've seen it's just moving banking services online isn'
by ackbar03 7y ago
Maybe I'm missing the whole point but I've never completely understood the concept of fintech. From what I've seen it's just moving banking services online isn't it? There doesn't seem to be much actual innovation in terms of tech
- psnosignaluk 7y agoAs a client of open banking and an employee of a startup in the fintech space, I'd say that its a little more nuanced than that. Token (my employer) provides a platform that enables PSD2 and RTS compliance, open API's, crypto-based security, identity and programmable money amongst others to enable banks and merchants to rapidly adopt open banking and remain complaint with legislation governing the industry.
- ackbar03 7y agoCould you provide some insight into how the company was built up (if you know), how it is managed day to day, and how it is growing? Cause I'd imagine it takes a large team from a wide variety of disciplines to get started. Again it comes back to (to me at least) creating a new bank but with a stronger tech offering
- morenoh149 7y agoI would define fintech as any financial technology. So working at a bank is also fintech. Working at stripe is fintech. Working at disruptive startups for wall street is also fintech.