This past week, I had an opportunity to attend events on back-to-back nights in New York – Empire Startups March FinTech Meetup and Rise NY VC Advice: Launching, Scaling and Fundraising a FinTech Startup – and I could not be more proud to be a part of such an inspiring community of entrepreneurs.
The more people I met, the more impressed I became with how financial services is transforming right before our eyes. Whether it was in payments, virtual banking, or regulatory tech, every story I heard only drove home the fact that, with technology shifting ever so quickly, there is a seemingly bottomless opportunity to make our financial lives simpler and easier. I’m happy to say that, even though we’re bringing more speed and simplicity than ever before to commercial underwriting, EMPEQ does not have the market cornered on improving the customer experience for financial institutions.
Honestly, in the purest sense, it made me proud of our country’s characteristic American ingenuity. Just like me, every entrepreneur in attendance noticed an inefficiency in the market, knew that he/she could find a better way, and, most importantly, took the initiative to dive in head first into solving the problem. And this is despite the fact that, in all of these cases, founders eschewed safer, more comfortable lifestyles in pursuit of creating something that will make people’s lives better.
After participating in these events last week, I’m confident that fintech’s future is bright; in fact, my parting thought both nights was the same: I can’t even imagine how much improvement is coming to financial services in the next ten years. Technology really is going to make our lives better – and this group won’t rest until it does!