How do you show fintech benefits and risks to stakeholders?

1 Know your audience

Before you present your fintech solution, you need to understand who your audience is, what their needs and goals are, and how they perceive fintech. Different stakeholders may have different levels of familiarity, interest, and trust in fintech. For example, customers may care more about convenience and security, while investors may care more about profitability and scalability. Regulators may care more about compliance and stability, while partners may care more about collaboration and innovation. You need to tailor your message and tone to suit your audience and address their concerns and expectations.

2 Highlight the value proposition

One of the most important aspects of showing fintech benefits to stakeholders is to highlight the value proposition of your solution. What problem does it solve? How does it improve the current situation? What are the unique features and advantages of your solution? How does it compare to the alternatives? You need to demonstrate how your solution delivers value to your stakeholders and how it aligns with their objectives and preferences. You can use examples, testimonials, case studies, or data to support your claims and show the impact and outcomes of your solution.

3 Acknowledge the challenges

While you want to emphasize the benefits of your solution, you also need to acknowledge the challenges and risks that come with fintech. Fintech is a fast-changing and complex field that involves many uncertainties and trade-offs. You need to be honest and transparent about the potential drawbacks, limitations, and threats of your solution and how you plan to address them. You also need to show that you are aware of the legal, ethical, and social implications of fintech and how you respect the rights and responsibilities of your stakeholders. You can use scenarios, examples, or data to illustrate the risks and mitigation strategies of your solution.

4 Use simple and clear language

Another key aspect of showing fintech benefits and risks to stakeholders is to use simple and clear language that your audience can understand and relate to. Fintech can be a technical and jargon-filled field that may confuse or intimidate some stakeholders. You need to avoid using too much acronyms, abbreviations, or terms that your audience may not be familiar with. You also need to explain the concepts and processes behind your solution in a simple and concise way that does not overwhelm or bore your audience. You can use analogies, metaphors, or visuals to help your audience grasp the essence of your solution.

5 Engage and interact

Finally, you need to engage and interact with your audience to show fintech benefits and risks to stakeholders. You want to create a dialogue and a relationship with your stakeholders, not just a monologue and a transaction. You need to listen to their feedback, questions, and opinions and respond to them respectfully and constructively. You also need to invite them to participate in your solution, such as by trying a demo, signing up for a trial, or joining a community. You want to make your stakeholders feel valued and involved in your solution and show them that you care about their needs and goals.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?