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back-end systems

FintechNews RoundupUSA
·Jan. 4, 2018

VCs Interested in Funding Companies Looking to Improve Outdated Financial Systems

An article in Tearsheet discusses how VCs are more interested in funding companies looking to improving legacy financial systems; Patricia Kemp, partner at Oak HC/FT responded to a comment about the prospects of consumer facing fintech in 2018 stating, “The largest category of successful fintech are the ones that are helping the banks get there.”; while there are still opportunities for new consumer solutions, it is just as important to innovate on back-end systems. Source

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