Think of a problem, build an app for it, and market it very well. Sometimes the problem may not be a new one; it could be that you observed a gap in an existing app and decided to build one to address that issue. For example, people had been using apps from commercial banks before fintech apps started operating. Some individuals noticed gaps in the functionality of certain commercial bank apps, especially when conducting transactions. They identified this as a problem and built apps to address these issues. Now, some commercial banks are attempting to make their apps function more like fintech apps. The problem you are trying to solve with your app may not be entirely new. I wish you success.
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FinTech can be "technical" or "financial" by its DNA. To give an example: for the financial fintech the payment app is about the payment; it’s a kind of financial service. The same app for technological fintech is a digital finance product of some sort; the payment app is about the app itself. The consequences of different approach come deep across all dimensions of he business. Financial fintech would see its value proposition based on pricing, range of use cases, geographical or socioeconomic availability, ultimately in profitability of the service. On the other hand, technological fintech would care primarily about performance, security, user experience of the interface, perceiving value proposition as a consequence of technical features of the app. #fintech more: https://lnkd.in/devfk2yN Any thoughts?
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