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What are the lessons learned from 2022? That’s the question we posed Fintech Times Community. Ask Integral, Cassini, Liberis and Plaid.
Vikas Srivastava Chief Revenue Officer of Integral, a fintech company that provides SaaS FX solutions to banks, brokers and fund managers. He reflects on lessons learned with Software as a Service.
SaaS has gone mainstream and become the preferred way for financial services companies to acquire technology. Nearly 70% of respondents in the 2021 survey say their FX trading flows are entirely in the cloud or We expect it to be a hybrid of cloud and on-premises, and we see this trend accelerating even further in 2022.
The underlying reasons for this are clear: flexibility and ease of integration, improved technology infrastructure, and cost. It means that it is becoming a technology solution that
Another important trend we have seen is the growing industry collaboration around cloud technologies. London Stock Exchangeof recently confirmed partnerships with microsoftmigrating infrastructure to the cloud.
Third, the return of meaningful volatility to currency markets for perhaps the first time in over a decade has made it much harder for companies to get optimal pricing. It would be a problem, but those with access to a SaaS solution that offers broad connectivity to liquidity sources and automated workflows have found volatility to be very manageable.
Lipsey Bandourian, head of europe plaidsays 2022 poses challenges not just for people, but for businesses as a whole.
Business leaders, from startup founders to Fortune 500 CEOs, are looking for new ways to navigate their environments and become more efficient, she says.
As a result, more customers turn to Plaid to solve a wide range of needs through our platform, network and partner ecosystem, including identity verification, onboarding and conversions; money movement; fraud prevention; and better intentions. Deeper insights that help you build decisions and connected experiences.
Next year, we are focused on delivering integrated solutions that enable our customers to deepen customer relationships, improve operations, and reduce risk and spend.
Cassini systemsays there are three lessons to be learned from 2022.
Volatility hasn’t gone away. Long-term and short-term strategic planning is the key to sustainable growth. Companies need to look outside their existing internal structures and start building larger ecosystems that support both growth and customer needs.
Liam HuxleyCassini’s Founder and CEO, said: As financial markets move into his 2023, businesses cannot afford to repeat the same mistakes of the past.
The reality is, despite market volatility and ongoing regulation, if you havent adopted a data-driven strategy focused on alpha-generating strategies by now, you are already falling behind.
Liberis A global embedded financial platform that provides accessible and responsible finance for small businesses. Rob Strathoff Liberis CEO shares lessons learned from 2022.
he said: Or maybe there is so much money flowing into these markets that margins are rapidly becoming negative due to the sheer volume of VC money looking for growth, not margin. Examples include his BNPL for consumers, embedded insurance, and income financing for emmm.
High growth is not success. Growth with sustainable long-term unit economics is success. Only if you have a sustainable competitive advantage and not just a commercial engagement such as financing or insurance. Many industries are not suitable for this strategy and lending is certainly one of them.
