A lamp shining on an open book and revealing the writing '8 Must-Read Books for Fintech Founders'

8 Must-Read Books for Fintech Founders

Fintech books? Are they really a thing?

Modern financial technology is inextricably linked with the Digital Era. Mobile payment, personal finance management, and cryptocurrency trading are major application fields of fintech startups.

Thus it’s only fitting that the fintech community relies on the internet for exchanging views on the topic, too. There are fintech news platforms like Finextra or Financial News. Networking communities like Holland Fintech and meetups like Finfinity invite people to share their insights. Blogs centered around experts like Chris Skinner react on developments on short notice. It’s obvious: In-depth knowledge of financial technology is readily available and easily found online.

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A stage view of Money20/20 US 2017

Money20/20 US 2017 – 3 Days of Fintech

It’s been four months since we had attended the Money20/20 Europe convention in Copenhagen. It was the first time we brought balancr to the attention of an international audience. Looking back at positive experiences there, we felt ready to take a leap forward. It was a leap across the Atlantic Ocean. From October 21st to 24th, we were present at the Money20/20 US. At our own booth, we had the opportunity to introduce our product balancr to a new base of clients. In short, it has been a unique experience for us, but we won’t spare you the details, of course.

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Our Experience at Money20/20 Europe 2017

End of June the balancr team had the pleasure of being in Copenhagen for Money20/20 Europe 2017. Organised for the second time, the 3-day fintech conference brought together over 4000 attendees and 200 companies from 70 countries. Making it the largest event focused on fintech in Europe — and probably the only event to have hairdressers and masseurs available for attendees.

We were excited to be attending, as this was our first time attending a Money20/20 event and also the first public event for showcasing balancr. We were looking forward to meeting lots of interesting people from the industry, getting feedback on balancr and also discovering what everyone else was working on.

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Drawing of two planets, circled by a rocket, symbolizing challenges faced by fintech companies.

What Challenges Are Fintech Startups Facing Today

In an industry which is known to be slow to adapt to current digital trends, it feels like financial technology or more commonly known as fintech, is experiencing a renaissance lately.

Fintech startups are emerging from around the world. In a previous post, we listed some from Germany worth keeping an eye on. But that only provides a snapshot of what’s happening globally and what solutions are being developed. Technologies such as blockchain, machine learning, and artificial intelligence are being used to build products that improve the customer experience for financial services.

While all of this sounds great, behind the scenes there’s a number of unique challenges when starting up. Here, we take a look at what they are based on our experience working in fintech.

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