Seeing if I can get opinions from people working in different areas of fintech or people using fintech products. What problems currently exist from your point of view and experience?<p>I understand that fintech is a broad term, I didn't want to narrow onto a niche to solicit wider conversation. Particular niches could include banking, wealth management, debt or credit management, budgeting, payment api / integration etc. I'm not sure myself.
Oh don't get me started ... just read through the T&C of the "banks for millenals".<p>- fake crypto (in reality it's CFD but they market it as crypto) (revolut)<p>- exchange rates worse than MasterCard for non-major currencies (revolut, just read their forums)<p>- blocking your account and requiring further documents (KYC, AML) if you want to access your money after you deposit more money<p>- exchange rates not public anymore (today exchange rates are accesible only to customer, not public) (revolut)<p>- no online banking, android/ios only<p>- when you start utlizing the cheaper services they actually provide you get harrased by the "compliance team" (because their are losing money so they can compete) (bunq, monese)<p>- low limits and when you reach your limit your account get be terminated (monese)<p>- no free API accessible to the customer (just some oauth api <i>you</i> can <i>not</i> use)<p>- expensive fees (transwap, ofx)<p>- horrible support<p>- no airgap security (think german PhotoTan or dutch ING scanner)<p>- expensive ATM withdrawals