Winning with fintech: what you need to know

From seamless digital payment journeys to enhanced cashflow management tools, businesses are harnessing the power of fintech solutions – and given the current cost of doing business, coupled with heightened risk and an uncertain business environment, the use of innovative solutions is the key to reach your 2022 goals.

What is fintech?

Fintech is used to describe new technology that seeks to improve and automate financial services – but the benefits of fintech stretch far beyond financial services itself.

By driving digitisation within firms, fintech can boost efficacy through process improvements in payments, compliance and operations as well as improving business development with better customer propositions.

How we’ll help you

From Q2 2022, the CBI will be launching toolkits to help businesses navigate how they can utilise fintech across three initial areas:

• Global trade: using fintechs to open new markets more easily, improve resilience across supply chains, and reduce the costs and risks of importing and exporting
• Decarbonisation: showcasing how fintechs can help businesses on their net-zero journey, such as mapping carbon footprints, measuring progress against sustainability goals, and meeting regulatory reporting requirements
• Payments innovation: improving payment journeys by pushing financial technology to critical propositions and processes.

The toolkits outline best-in-class case studies from business benefiting from this technology, and how your business can connect to fintech to get up to speed with market trends – including the investor perspective, and why investors find innovative companies more attractive.

This campaign is for any business across the CBI membership – from SMEs to corporate firms that are keen to learn how fintechs can improve their propositions and operational efficiencies.

A bespoke programme of engagement is also included in the toolkits – find out more.

What’s in it for your business?

• Understand how to work with fintech (the technology): grow your business via efficiency gains, lowered costs, and competitive propositions
• Find out what you need to act on this opportunity: hear some of the typical uses of financial technology at a practical level and how it can improve your business
• Learn the steps to start partnering with fintechs: this campaign will show you who is doing what, in the products and markets you care about

To flag your interest, share case studies, or any problems for your business where you think fintech could make a difference, contact Megan.