Top 10 Quotes Overheard at the 2023 Empire FinTech Conference | Wednesday, May 3rd
Empire Startups - Everything FinTech
Empire startups is the largest community of FinTech entrepreneurs, investors, and bank innovators in the world.
Hi there,
First and foremost, thank you?to everyone who had a part in NY FinTech Week 2023. With over 40 events taking place across 5 days, it's safe to say that the FinTech ecosystem is alive and well.
Whether you were hopping between panels with us last Wednesday at New World Stages or following along via social media, we've rounded up the?Top 10 Quotes Overheard at?the 2023 Empire FinTech Conference.
Which are your favorites? What do you wish was talked about more?
Let us know...
“Fraudsters are extremely creative and coordinated, but as an industry we are fighting against each other instead of fighting against the fraudsters. How can we build this community and get much more coordinated so we are not the ones being exploited?"
– Trisha Kothari, Co-founder & CEO of?Unit21
“In the last decade, I think we’ve seen a handful of category defining and category breaking DTC companies emerge, but we haven’t seen any in the last 5-7 years starting from new. There is a whole new crop brewing somewhere... Maybe some of them are in this room.”?
–Stephanie Choo, Partner at?Portage
"I do think it’s problematic that good technology is leaving the U.S. because we don’t know how to regulate it or don't want to regulate it. Imagine a dairy farmer asking for more milk regulations."?
– Jelena McWiliams, Former Chairman of the FDIC
"Find a way to turn profitable and don’t rely on anyone else to do it. In this market today, ‘survive and thrive’ is the name of the game."
– Nelson Chu, Founder & CEO of?Percent
"As you are thinking about who to choose as your business partners, the number 1 rule is to make sure that they don’t cause, what SpaceX would call, a rapid, unanticipated disassembly."
– Connor Coughlin, CCO of?Apex Fintech Solutions
"You don’t have to be completely conservative in 2023 just because everyone else is. There may be something unique you are building, and it may be prime time for it."
– Stephanie Khoo, Partner at?NYCA Partners
"The list of what we got wrong is probably quite long, even for those of us who are most full of ourselves."
– Adam Nelson, Managing Director at Firstmark Capital
"In the middle of a crisis, do you know your account number? If your house just burned down, do you have a check with your 9 digit routing number? We see a lot of gravitational pull to not just speeding things up (like overnighting a check) but through alternative modes of payment."
– Stephany Kirkpatrick, Founder & CEO of?Orum
"Web3 is the first opportunity we have ever had to build the financial system in an equal and distributable way. I’m positive about the future, and nervous about the short-term."
– Cokie Hasiotis, Co-founder & CEO of Drippi
"The era of banks onboarding FinTechs with little to no insights is finished."
– Katie Savtiz, Co-founder & CPO of?Cable
?? FEATURED FINTECH NEWS
Reads
??? Venture capitalists hope CFPB data-sharing rules will help fintechs?|?American Banker
Venture capitalists are hopeful that the new rules the Consumer Financial Protection Bureau is creating about data sharing will help the fintechs they back better compete with banks.
?? FDIC Sends Cease and Desist Order to Cross River Over Lending Practices?| PYMNTS
领英推荐
According to an order from the FDIC, issued March 8, Cross River “engaged in the unsafe or unsound banking practices” in connection with fair lending rules by “failing to establish and maintain internal controls.”
???JPMorgan Ends First Republic’s Turmoil After FDIC Seizure |?Bloomberg
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to rest one of the biggest troubled banks remaining after turmoil engulfed the industry in March.
???Apple’s New Savings Account Draws Nearly $1 Billion In Deposits In First Four Days |?Forbes
On launch day alone, the savings account drew nearly $400 million deposits.
?? Vera Equity Launches With A $20 Million Fund?| Yahoo News
With this first fund, the team is focused on backing exceptional FinTech entrepreneurs at the pre-seed and seed stages, offering them capital alongside unparalleled FinTech?talent and operations advisory.
Listens
?? Interview: Stuart Sopp, Founder & CEO of Current | Fintech Business Weekly
While in New York for NY FinTech Week, I had the chance to sit down with Current’s cofounder and CEO Stuart Sopp. We discussed: how Current is differentiating itself in a crowded market, Current’s unique marketing activations, whether or not an interchange-dependent business model is sustainable, and more.
?? Bringing better UX and Security to web3 | OneVision
Over the years, the crypto and the web3 industry has suffered from below par user experience and lack the security features that are needed when users hold digital assets. However, that is changing.
???Empowering entrepreneurs reshaping financial services?|?Wharton Fintech Podcast
Tarang Gupta hosts Stephanie Choo, Partner at Portage. Portage is a global investment platform focused on fintech and financial services with over $2 billion in AUM. In this episode you will hear about:
????UPCOMING FINTECH EVENTS
MIAMI
NEW YORK
SAN FRANCISCO
OTHER CITIES
Looking for more? Find all FinTech events?here.
???FEATURED?FINTECH FUNDING ROUNDS
April 12 - April 30, 2023
PRE-SEED
Koree, $2M (Payments/Billing, Delaware)
SEED
Brick, $161k (Mortgage/Real estate, Utah)
FAIRLY AI, $2.2M (RegTech, Canada)
Rise, $3.8M (Payments/Billing, Alabama)
FiVerity, $4M (Lending, Massachusetts)
Standby Deposits, $5.3M (Lending, New York)
SERIES A
Trullion, $15M (Accounting/Finance, New York)
Clerkie, $33M (Personal Finance, Georgia)
SERIES B
SERIES C
Super.com, $60M (Personal Finance, California)
Looking for more? View our full funding report?here.
?? FEATURED FINTECH JOBS
New York
Remote
San Francisco
Founder & CEO of Percent
1 年Excellent event and thank you for the opportunity to speak about the role FinTech is playing in the supply chain. I look forward to next year, and congrats again on another successful conference!
Fintech Fractional/Part-Time Consulting | Advisor | Connector | Product Strategy | Revenue Growth | BD | GTM | Strategic Partnerships | Talent | Funding | Software Engineering | GenAI #Fintech #BaaS #EmbeddedFinance
1 年Great event. Hats off to the Empire Fintech team, and all the speakers, sponsors, and participants.