Is Fintech on The Verge of Ending?

What we’ll cover today:

🚀 Fintech isn’t dead. AI is driving a new beginning.

🤔 How is Rainforest defeating Stripe in payments?

💡 5 lessons Every Entrepreneur Should Know.

🔗 The Event Roundup

Fintech Isn’t Dead. AI is Driving a New Beginning.

Just when you thought fintech had peaked, AI is stepping in to take it to a whole new level.

Over the years, financial services evolved from:

• Basic websites (LendingClub, PayPal)

• To mobile apps like Robinhood and Chime that brought banking into your pocket.

But now, AI is doing more than speeding things up—it’s transforming everything.

Imagine banks powered by AI copilots, handling jobs once done by teams of people.

Here’s what AI is already taking over:

• Compliance management

• Mortgage processing

• Fraud detection

Companies like Vesta and Valon are proving AI is faster, smarter, and more cost-effective.

So, is fintech slowing down? Not even close.

Here’s the whole article

1. How is Rainforest Defeating Stripe in Payments?

It’s a post from Joshua Silver, Founder and CEO of Rainforest.

This post is a reply to one of the questions that people ask him a lot:

“How does Rainforest compete in the crowded embedded payments space, which includes Stripe?”

Here’s the whole post

2. 5 Lessons Every Entrepreneur Should Know.

Lex Sokolin, one of the biggest names in the fintech world, shares his story of how he founded three startups and exited to several big companies.

He shares five lessons that every entrepreneur should know that he learnt while building these three startups. 

Here’s what he says.

1. Digital banking platform Plumery raises $3.3m in latest funding round.

Plumery, a digital banking experience platform that delivers true customer-centric banking solutions, has announced that it has secured an additional $3.3m in funding.

The latest funding round was led by early-stage investor DN Capital and Fontes, managed by the renowned global VC firm QED Investors.

2. How AI is unlocking new possibilities for data processing in fintech

AI rapidly transforms fintech by reshaping data processing and delivering new competitive advantages and innovations. From multimodal AI to generative models, the future of fintech lies in smarter, more adaptive solutions that streamline operations and enhance decision-making.

3. Is AI helping improve the risk assessment process?

According to Anna Shute, product manager at Qkvin, risk management is a crucial aspect of most regulated sectors, such as financial services, especially today when threats and uncertainties are increasing.