Reality Check for the FinTech Industry
There is a lot of uncertainty and conflict in the world at the moment, which is making many people fearful about the future of their businesses. In today’s episode, I’m going to be sharing my thoughts on what FinTechs should be focusing on in order to make it through the current and near-future challenges.
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Today’s episode:
- [00:40] Today’s episode is all about what to expect from the world economy in the near future, and how it’s going to impact the FinTech industry.
- [01:49] Ray Dalio and Nassim Taleb’s thoughts on the war in Ukraine, and why I value their perspective.
- [05:21] Some of the issues are fuelling social unrest and political divisions.
- [07:01] Four types of leverage that a business can utilize for growth in today’s world.
- [07:50] Why borrowing money is a good idea at the moment.
- [08:06] Reasons that I wouldn’t recommend overinvesting into user acquisitions right now.
- [08:22] Investing in infrastructure and partnerships, and releasing new products is a key area for FinTech to focus on currently.
- [09:13] Why you should reduce employee onboarding in your FinTech for a little while.
- [10:19] The importance of keeping your bigger goals in mind, despite the uncertainty you may be feeling.
- [11:13] Advice on how to better handle the shifting needs of consumers.
Show links:
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