Fintech Infrastructure 101 - Overview & Market Landscape — Chris McCann

Prior to fintech platforms, if a developer wanted to start a new fintech company it typically took 2+ years to develop a partnership with a bank before getting up and running. Now we see developers using fintech platforms (ex. SynapseFi, Sila, etc.) to spin up new fintech apps in a matter of hours. This reduction of effort is leading towards a rise... See more

However we are now seeing the rise of “embedded fintech.” Rather than standalone applications, financial features are being embedded into all of the consumer and business applications that people are using already.

Many of the tools, API’s, and infrastructure created for financial applications were originally created for internal banking customers; however, now with the rise of consumer and business fintech applications, we are going to see outside developers as the new emerging customer.

The financial infrastructure platforms of today must be able to handle customers across all jurisdictions, all exchanges of value, all types of use-cases (producers, distributors, consumers), and all from the start.

Financial institutions were built to on-board people as customers (retail) or business owners as customers (SMB); however, today there is a new class of users needing access to the underlying financial infrastructure these banks use - developers.