Fintech is disruptive by nature, so it was only a matter of time before this feisty category disrupted itself. A network of geographic locations, each with its own unique strengths, is quietly merging with Silicon Valley to form a fintech accelerator matrix that’s replacing the old single location fintech hub.
Fintech entrepreneurs will need different types of expertise during different phases of their business lifecycle: beta test products and services, launch program, scale growth, expand into new geographic markets, extend the product line, upgrade technology, optimize operational processes, explore long-term growth opportunities.
Last week we introduced the concept of full stack vs. partial stack for fintech innovators. Part One of this report defined the two different options, talked about the pros-and-cons, and outlined some ways to accelerate the full stack implementation timeline. You may have noticed a bias towards the full stack approach.
Fintech developers by nature are innovators who enjoy disrupting the marketplace with cutting edge concepts. So it may not be part of their personality to embrace the mundane aspects of running a regulated company like a lender or broker-dealer. That’s why many innovators tend to avoid the complexities of the full stack model without completely evaluating the benefits.