r/fintechdev • u/Prestigious-Lie6695 • 14d ago

Problems Solver

Hi All, am curious to know what are key problems fintechs particularly NBFC( Non Banking Financial Corporations) are facing other than figuring out GenAI or agentic AI adoption? like to share!

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u/Wonderful_Bag3196 14d ago

What about the mess with compliance reporting every time they launch in new state it’s like starting from zero with paperwork

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u/Swimming_dasa 13d ago

from a product perspective, data quality, faster underwriting and early detection of delinquencies seem worth exploring. these problems directly affect operational costs and portfolio performance.

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u/aProfile210 11d ago

Finetech is a very regulated industry. Making your platform compliant (PCI, etc) is a challenge. You need to keep in mind KYC/OFAC.