The headwinds for fintechs keep getting stronger and their finance leaders are feeling the pressure.
What are the top challenges the finance team face and how can you tackle them?
5 CHALLENGES EVERY
CFO NEEDS TO ADDRESS
TREND SHEET
MASTER TODAY’S FINANCIAL CHALLENGES
Embrace technology to thrive in these challenging times with reliable finance and back-office solutions from FIS®. Prepare your firm for growth by leveraging our tools and expertise, ensuring your fintech stays resilient.
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Amidst a turbulent economic climate, CFOs play a vital role in ensuring their fintech firms' financial health. Strong performance attracts funding, emphasizing sustainability over reckless growth. But as investor funding cools off and they look more to speed of return, profit and resilience the CFO now more than ever needs to reduce costs, increase efficiency and optimize revenue. With technology and data-driven insights, CFOs can optimize processes, manage cash flow and adapt to regulatory changes.
SUSTAINABLE GROWTH
As fintechs face macroeconomic headwinds, effective liquidity management becomes paramount for survival. The finance leader's crucial role in tracking cash flow faces significant challenges. Leveraging technology to automate and streamline workflows throughout the cash flow cycle is essential. Enhancing cash visibility and reducing risk through data-driven insights is imperative.
LIQUIDITY MANAGEMENT
Fintechs face the challenge of striking a delicate balance between driving innovation and staying on budget while stimulating growth without losing control. For CFOs, ensuring the firm's attractiveness to investors is the top priority, making cost efficiency a primary concern. By adopting strategic financial solutions, fintechs can foster innovation while maintaining financial stability, empowering CFOs to navigate the dynamic landscape
of the industry.
COST CONTROL
Now more than ever, fintechs face pressure to streamline back-office processes and cut operational costs. CFOs should focus on enhancing efficiency by integrating workflows and reducing overhead from managing multiple systems, data sources and banking partners. Embracing streamlined solutions enables finance leaders to uncover actionable insights, boost adaptability and drive improved cash flow management.
BACK-OFFICE EFFICIENCY
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About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
Demonstrate performance
Foster growth
Optimize cash flow
Enhance efficiency
Control costs
Innovate strategically
Improve agility
Unify data
Manage risk
Ensure compliance
CFOs ensure robust internal controls, risk management and compliance processes. As fintechs grow, they face expanding regulatory requirements. Failure to comply can result in legal consequences, reputational damage and loss of trust from clients.
As regulations continue to evolve, agility to adapt to shifts in the financial regulatory landscape becomes crucial.
Finding knowledgeable partners with flexible solutions helps fintechs navigate compliance challenges while positioning themselves for sustainable growth in a dynamic financial environment.
RISK AND COMPLIANCE
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Manage risk
Ensure compliance
CFOs ensure robust internal controls, risk management and compliance processes. As fintechs grow, they face expanding regulatory requirements. Failure to comply can result in legal consequences, reputational damage and loss of trust from clients.
As regulations continue to evolve, agility to adapt to shifts in the financial regulatory landscape becomes crucial.
Finding knowledgeable partners with flexible solutions helps fintechs navigate compliance challenges while positioning themselves for sustainable growth in a dynamic financial environment.
RISK AND
COMPLIANCE
Reduce delays
Increase visibility
Within asset finance firms themselves, the combination of rising interest rates and inflation is taking its toll on internal resources. In the fight to attract and retain talented employees, firms are under pressure to raise pay and therefore increase their costs.
With talent now in shorter supply than ever, in the wake of the Great Resignation, we could see even more organizations filling the gap with outsourcing, managed services and business process as a service solutions.
OPERATIONAL CONSTRAINTS
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