In fintech, you have two customers: the end-users and the regulators, and you need to balance their needs, which often conflict.

This debanking phenomenon has been particularly prevalent among crypto and fintech entrepreneurs over the last four years, as they face increasing pressure to protect established banks.

The fintech boom was characterized by rapid growth and innovation, but as interest rates rose in 2022, we faced challenges as investment and lending markets froze, impacting our business.

Regulatory barriers, such as restrictions on unauthorized legal advice and equity investments in law firms, hinder innovation in legal services, but some states are exploring changes to these rules.

The government aims to create a regulatory environment that favors a few large companies in AI, effectively stifling competition from new entrants.

Venture capitalists investing in FinTech often worry about whether a company can fund its origination costs, as mismanagement can limit future opportunities.

The current lack of clear regulation around stablecoins is problematic. Entrepreneurs need bright-line rules to foster innovation while ensuring consumer protection and preventing failures like FTX.

The previous wave of tech-enabled services startups struggled due to low gross margins and complex operations, which hindered their scalability.

The current regulatory framework is overly complex and ineffective, with multiple agencies responsible for different aspects of banking, leading to confusion and inefficiency.