Fintech Talents FAQs

Fintech Talents is a community of over 200,000 digital transformation leaders from across the fintech ecosystem. We believe the impossible is possible through content, community and experiences. Explore our upcoming events, industry reports, opinion and video content here.

You can join our community here for all the latest insights, news and interesting stuff – or follow us on LinkedIn or Twitter.

We run between 20 and 25 events per year from industry conferences such as FTT Lending to large tech festivals including the FTT Fintech Festival as well as micro bespoke events. Check out our page which lists all fintech events.

You will find a ‘Contact us’ section at the bottom of every event page where you can make enquiries on how to apply to sponsor or speak at any of our events. Alternatively, simply email speakers@vcinnovations.co.uk

To enquire about sponsorship opportunities and integrated campaigns book a call with our team here.

We host events and webinars across Europe and the U.S., with key gatherings in London, New York, San Francisco, and beyond.

Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilised to help companies, business owners, and consumers better manage their financial operations, processes, and lives.

There are a number of tech providers who can be categorised as a fintech but the most prominent are those that operate with: digital banks, cryptocurrencies & blockchain technology, payments companies, enterprise tools & software, insurance (insuretech), regulation (regtech) and alternative financing.

“Fintech,” short for “financial technology,” refers to the use of digital tools to improve the delivery of financial services. Banks are defined as financial institutions that are authorised to accept deposits from customers and provide loans to those same customers and will hold a banking license.

Incumbent financial institutions are slow to innovate and are often hindered by legacy technology stacks. Organisational and cultural barriers can also make them slow to respond to evolving customer needs. In contrast, fintech is fast moving, innovative, operates at a lower cost base and is far more customer-centric by design.

The rise of fintech has introduced more competition into the financial services sector, as well as generating opportunities for fintech/bank partnerships. It has also created significant opportunities to improve financial literacy and financial inclusion. By expanding the range of financial products and services accessible to traditionally underserved sectors of society, such as small businesses, those on low incomes, women, and minorities, it underpins the potential to improve financial health and wellbeing, as well as contribute to economic growth.

The size of the global fintech (financial technology) market was estimated at $110.59 billion in 2020 and is expected to increase at a CAGR (compound annual growth rate) of 20.5% to reach $699.50 billion by 2030. (*Adroit Market Research)

A healthy, resilient, well-functioning financial services sector underpins and helps drive economic growth. The financial crisis laid bare the vulnerabilities of (in particular) highly concentrated financial services industries that for many years had been protected by very high barriers to entry.

In developing countries access to financial services was often very limited, which hindered the productivity of individuals and businesses. Fintech has injected greater competition into highly concentrated markets, supported financial institutions on a journey of digital transformation and catalysed the development of new providers to help reach previously unserved markets or market segments. Better and broadened access to financial products has delivered significant improvement to economies around the world.

Cryptocurrencies are a unique type of fintech with the potential to transform every vertical of the financial sector, from trading and investments to payments or lending.

Fintechs are regulated according to the activities that they carry out and in line with the jurisdictions in which they operate. Regulators around the world have had to try and keep pace with new business models, often underpinned to new technologies, resulting in, at times, a lag in the development of appropriate regulatory frameworks. Many regulators around the world have also attempted to create supportive regulatory frameworks to encourage innovation.

Like any new business, identifying a customer pain points to address or an opportunity to better meet existing demand can translate into a growth opportunity. Given that the financial services industry is highly regulated, it is crucial to understand how the product or service you provide will comply with existing regulations. There are many important decisions to be made – from deciding on a technology stacks (build vs buy), hiring a team, understanding the distribution channels and, of course, establishing the business model. All of that requires funding so thinking about how that will be raised is fundamental.

Looking at the evolution and growth of the financial services industry across the globe, there is still a lot of potential for growth. Large swathes of the global economy remain underserved and active fintech hubs are springing up in countries around the world.

The Global Fintech Market is projected to reach a value of USD 332.5 Billion by the year 2028. That does not, however, mean that there will not be consolidation or even failures along the way as new business models are tested by more challenging macroeconomic conditions.

Fintech is most definitely not only B2B. There are many fintechs that have focussed on delivering better products and services to consumers. Being built on newer, more agile technology stacks enables consumer facing fintechs to deliver more customer centric solutions at a lower cost.

The agility of their technology also allows them to respond to changing needs and behaviour faster given they are able to leverage insights from their data far more effectively.

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