Drawing of two planets, circled by a rocket, symbolizing challenges faced by fintech companies.

What Challenges Are Fintech Startups Facing Today

In an industry which is known to be slow to adapt to current digital trends, it feels like financial technology or more commonly known as fintech, is experiencing a renaissance lately.

Fintech startups are emerging from around the world. In a previous post, we listed some from Germany worth keeping an eye on. But that only provides a snapshot of what’s happening globally and what solutions are being developed. Technologies such as blockchain, machine learning, and artificial intelligence are being used to build products that improve the customer experience for financial services.

While all of this sounds great, behind the scenes there’s a number of unique challenges when starting up. Here, we take a look at what they are based on our experience working in fintech.

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The Compliance Factor in FinTech

FinTech – or – It takes more than a few lines of code and an API to crack the bank-dominated world open.

We started online payment systems and eMoney wallets all the way back in 2001. Looking back at the past decade and the development that took place in the financial technology sector during this time, with certainty we can tell: Now is the right time to be in FinTech! All eyes are on FinTech startups – but not just on the innovations it brings. Regulators are watching the innovative startups closely as they fall into the trap of underestimating “The Compliance Factor“ one after the other.

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Using Spring and Quartz with JobStore properties

This article describes how to use the Spring Framework and Quartz together when using org.quartz.jobStore.useProperties=true, meaning that all Job data is stored in the database as properties instead of serialized Java objects.

Normally this is not possible, because the Spring class SimpleTriggerFactoryBean stores a reference to the JobDetail in the JobDataMap, which cannot be represented as a set of properties.

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