startup Archives | Ferhan Patel - Fintech | Growth | Product https://ferhanpatel.com/tag/startup/ Learn about Fintech | Growth | Product Mon, 17 Sep 2018 15:50:10 +0000 en-US hourly 1 https://i0.wp.com/ferhanpatel.com/wp-content/uploads/2018/09/cropped-FP-1-1.png?fit=32%2C32&ssl=1 startup Archives | Ferhan Patel - Fintech | Growth | Product https://ferhanpatel.com/tag/startup/ 32 32 54362170 7 Things to Consider Before Launching a Fintech Startup https://ferhanpatel.com/7-things-to-consider-before-launching-a-fintech-startup/ Mon, 17 Sep 2018 15:50:10 +0000 http://ferhanpatel.com/?p=129 Fintech is here to stay. Fintech is all about solving pain points we all experience. It’s making an impact in all avenues in our life.  Fintech is not reinventing the wheel, but in fact, improving the Customer Experience as a whole.  It’s improving our spending habits, providing choice, faster access to capital, Read more…

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]]> Fintech is here to stay. Fintech is all about solving pain points we all experience. It’s making an impact in all avenues in our life.  Fintech is not reinventing the wheel, but in fact, improving the Customer Experience as a whole.  It’s improving our spending habits, providing choice, faster access to capital, access to better services.

For example, getting a loan is a standard process.  You go to the bank, fill out some forms, and the loan officer will get back to you in a few days to determine if you qualify.  Fintech’s have improve the collection and validation process, now with the ability to determine qualifications within minutes.

Almost every area is rip for disruption.  If you are interested in starting your own Fintech, here are 7 things to consider before launching your Fintech startup.

  1. Regulations
  2. Competition from Institutions
  3. Customer Trust
  4. Need for a Strong Team
  5. Unique and Valuable Service
  6. Technology Choices
  7. Funding

Learn more at: https://www.entrepreneur.com/article/293894

 

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