Fintech has fragmented into increasingly specialized, cucumber-sliced micro-services, ranging from embedded buy-now-pay-later loans to specialized neo banks to yet more payment processing systems. Wha...
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Discussion Points
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- Fragmentation vs. Innovation: How does the increasing specialization of fintech services hinder or enable innovation in the industry?r
- Identifying Unaddressed Needs: Can a "zoomed out" approach, like Just Move In's, lead to discovering new opportunities in overlooked areas?r
- Regulatory Landscape and Specialization: How do regulatory changes impact the ability of specialized fintech services to operate effectively and innovatively?
Summary
R The fintech landscape has become increasingly fragmented, with numerous specialized micro-services emerging. This fragmentation poses challenges for innovation, as individual players focus on narrow niches rather than addressing broader industry gaps.
However, there are opportunities for innovators to excel in such a landscape by adopting a holistic approach, identifying unaddressed needs, and navigating regulatory complexities. By doing so, they can create value and drive growth.
Examples like Just Move In demonstrate that zooming out can lead to novel solutions, and that specialized services can coexist with innovation. A balanced, forward-thinking approach is crucial in this environment.