FinTech Magazine - June 2023

FOREWORD

DATA IS THE BEGINNING , THE END , AND THE EVERYTHING Finance is so integral to our daily lives that it really is a privilege when consumers choose to bank , or move money , or settle bills with any one fintech solution . But with great power comes great responsibility

“ THERE IS A BALANCE

BETWEEN NOT COLLECTING

TOO MUCH DATA , AND NOT PERSONALISING SERVICES ENOUGH ”

FINTECH MAGAZINE IS PUBLISHED BY

Customers trust us to keep their data secure , offer reliable financial services , and never step beyond their expectations of data sharing or data custody .

These themes are central to the June issue of FinTech Magazine , where we have a feature on customer data platforms . There is a fine line when it comes to the amount of data that customers are prepared to dispense – not just for data privacy reasons , but because more data fields slows down the onboarding process and puts off customers . Yet fintechs and other service providers need to gather information on their users to offer a personalised service .

In this issue , we also explore the world of responsible finance . In today ’ s uncertain economy , responsible lenders are more crucial than ever . They are less focused on margins than their mainstream counterparts , yet this integral part of their mission is something that increases their exposure to risk and makes them vulnerable to fluctuations in the market . We find out not only how they ’ re coping , but how they ’ re thriving .

We hope we can give you a brief respite from your week . Take a weight off and enjoy flicking through the June issue .

FinTech Magazine - June 2023 | Page 7

DATA IS THE BEGINNING , THE END , AND THE EVERYTHING Finance is so integral to our daily lives that it really is a privilege when consumers choose to bank , or move money , or settle bills with any one fintech solution . But with great power comes great responsibility

“ THERE IS A BALANCE

BETWEEN NOT COLLECTING

TOO MUCH DATA , AND NOT PERSONALISING SERVICES ENOUGH ”