Fintech in Europe: what the founder of Fintech Circle thinks

Fintech in Europe: what the founder of Fintech Circle thinks


"I advise the French startuppers not to be too shy or too humble, to target great immediately, the international and not just the French market."

This is one of the advice given by Susanne Chishti, Founder of Fintech Circle (Fintechcircle.com), a Business Angels network specializing in Fintech, in an interview with the Tribune.
Europe must do more to compete with the American finth
Photo of Susanne Chishti
Susanne Chishti, Source: FINTECHCIRcle.com

This ancient Morgan Stanley and Deutsche Bank notices that "Americans are very strong to make impeccable pysches, even with little substance." Besides, this is one of the reasons that have made Silicon Valley's success. Of such poles must be reinforced "everywhere in Europe, for example in the private bank and the Blockchain in Switzerland, in artificial intelligence and the payment in Paris," hopes Susanne Chishti, co-author of a very complete book Title The Fintech Book. However, in order to compete with the American startups, the ideal for those of Europe is to team up. Susanne Chishti listed the great trends of Fintech in the same meeting. This is "artificial intelligence, exchange, assurech and regtech". Europeans have only to position themselves and strengthen their collaboration to benefit from these trends. Especially since the number of fundraising and fintech valuations are currently down.
FINTECH: an innelectable development

A situation that is normal, in the sense of Susanne Chishti. For her, "there will be ups and downs, but in the long run the movement is clearly ascending. Finance must change, like the music industry in the early 2000s. We will not recognize the banks in 20 years. "

This change is hopeful for everyone, lets Chishti hear. It believes that consumers will benefit from better services and prices and entrepreneurs will be able to reach new client segments.

As for the banks, they "may somehow outsource innovation and choose the best without taking any risk or support development costs." To make, "banks must look at the fintch at different stages of maturity, the youngest startups at" scaleups "of larger and in full internationalization," read in the same interview.