Fintechs: 4 pointers to secure your own bright future.

The economy and COVID-19

With large swathes of society working from home, schools shuttered, and the entertainment sector shut down, the economy is taking a big hit. We’re quickly diving deep into a big economic shock and long-term recession. International trade and travel have diminished. Supply chains are distorted as factories and borders are closed. Given a decline in demand, plus government measures to protect public health, whole sectors face a sudden, sharp decline in revenue. Whilst there are large differences between sectors, this will impact the entire economy. Governments have announced large aid-packages, but this will only help curb some of the shock.

Given this scenario, it’s easy to understand the fintech community is also facing losses.

 

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SnapShots: US politics, BankiFi launches PocketCollector, and RedSnap team day

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Welcome back to the SnapShots!

Weekly insights from RedSnap's perspective about what happened in the past week. We share our three key takeaways and update you on the progress at RedSnap. Hope you enjoy our selection this week. Happy reading!

 

 

The polarisation in US politics

Following the latest developments around the Supreme Court nominee Brett Kavanaugh we cannot help but observe the degree of polarisation in US Politics. To us it seems that the risks of this polarisation lie in the undermining of the trust people have in the political system, specifically the younger generations. A case of setting a (really) bad example.

 

BankiFi launches PocketCollector

RedSnap is very excited with news from one of our clients, BankiFi. They launched a new solution to support the needs of business banking instantly, the PocketCollector. BankiFi offers financial institutions a consent centric platform with business and corporate solutions that enable the banks to go ‘beyond an open experience’ promise. The PocketCollector benefits the open banking environment as the banks can help the business customers to digitise the information exchange with their customers using mobile banking, SMS or email. Discover the PocketCollector.

 

 

The first RedSnap team day

RedSnap teamOne of the highlights of this week was the RedSnap team gathering. We kicked off with a fun session to get to know each other. We were with eight people, our dream team. After that, we continued for drinks or “borrel”, as the Dutch people say, and an evening full of delicious homemade food prepared by the RedSnap team. We look forward to the next RedSnap team day. Of course, hopefully with more team members and more delicious food.

 

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RedSnap

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