Fintech Request for Startups

The past five years have seen significant growth in the fintech industry, with numerous products launched to improve financial services. However, most improvements have focused on digitizing existing products rather than creating new ones. In the coming years, we will see more fundamentally new tools and services launching, driven by stronger alignment between financial service providers and consumers. This article highlights several underserved areas of financial services where significant improvements can be made or new products created. These include better bills management, consumer-centric loan servicing, personalized insurance, tax preparation, abstractions from core banking platforms, hardware and software for bank branches, mobile bank account opening, brokerage-as-a-service, and compliance-as-a-service.