Updated on October 26, 2023
Building and scaling a FinTech product is not a walk in the park. Apart from the stringent regulations financial technology companies have to deal with, one major challenge players in the FinTech sector often encounter is getting their target audience to share their sensitive financial data in order to use FinTech products.
However, this sensitive data is key to offering consumers value-added and personalized services. The untapped opportunities in financial technologies are numerous and you may be wondering how you can build and scale a FinTech product that users will consider worthy of their private financial data.
We recently hosted Andrew Beacock, Head of Engineering at Canopy, during one of the sessions in our Tech Leaders Hub FinTech series. Andrew shared key insights on creating FinTech products, e.g. banking services, that users will be willing to use and grant access to their sensitive information.
Are you looking to build and scale a FinTech product that consumers will trust with their sensitive financial data? If so, keep reading to find out how to achieve this.