In this episode, I (Leah) interview Greg Cohen, CEO of Fortis about the current state of the financial technology industry. We discuss the concept of "The Great Restoration" and how the industry is experiencing a shift due to changing interest rates and market dynamics. We also explore the challenges faced by startups in the industry, such as the need for profitability and regulatory compliance. The conversation highlights the importance of building a strong foundation and focusing on long-term sustainability in order to navigate the changing landscape.
Takeaways
The financial technology industry is going through a 'great restoration' due to changing interest rates and market dynamics.
Startups in the industry are facing challenges such as the need for profitability and regulatory compliance.
Building a strong foundation and focusing on long-term sustainability is crucial for navigating the changing landscape.
Acquisitions and partnerships can be opportunities for growth and scalability.
Regulation can help legitimize and create a level playing field for emerging payment methods like buy now pay later.
Questions for Product Managers
How are you adapting your current product offerings and revenue models to the changing interest rates and market dynamics?
What steps are you taking to ensure your startup remains compliant with evolving regulatory requirements?
Are you building a sustainable business model that can weather market fluctuations and industry shifts?
How can you leverage acquisitions and partnerships to enhance your growth and scalability?
What strategies can you implement to balance the need for profitability with the innovation required to stay competitive?
Don't hesitate to comment with questions or comments.
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