Build your Fintech

The first wave of fintech innovators mainly came after the banks. Those were dissatisfied with expensive products, secretive business, slow digitalization, and poor customer experience. As a result, we’ve seen them unbundling banks.

For a fintech startup to launch ten years ago, the only way was by partnering with incumbents, as it would have taken months if not years to create their own core banking, obtain their license to operate, build their payments services, comply with regulation.

Everything is easier to connect since the APIs have been largely adopted in the Financial sector. We could only find 3 API in 2005, and later in 2017, we counted 2375 APIs in the sector. This allows better communication/collaboration between players and has been strongly accelerated with the open-banking movement.