What is FinTech?

FinTech (Financial Technology) is the shift of mindset in financial services and banking. This mindset has created a melting pot of user-centric banking and financial services. FinTech entrepreneurs and pioneer banks have been experimenting with products in banking, lending, insurance, WealthTech, and payments for some time now, making financial services more approachable and accessible for all. Thanks to this revolution, markets have been introduced to concepts such as neobanks, crowdfunding, neobrokers, p2p lending, virtual assets, NFTs, and many more!

Changing our perception of financial services and the service providers, FinTech has made banking fun and sticky.

Different providers in the FinTech ecosystem provide different added values to consumers or each other. However, all players have something in common: they leverage new technologies and the pervasive spread of the internet to streamline traditional banking processes and offer faster, more dynamic, and more personalized services.

Coming from traditional banking and payment industries, our team fell in love with how FinTech transformed financial services a decade ago. We have been building digital platforms and services ever since

What does FinTech Consulting entail?

FinTech consultants are tasked with educating, understanding, and partnering with FinTech startups and financial service providers to support them with strategy and innovation advisory. FinTech advisory covers a broad spectrum of services from idea valuation, FinTech business model creation, roadmap and strategy creation, and product development to market launch and investor readiness. Ideally, FinTech Consultants should have a strong network and a deep understanding of banking, regulations, new technologies, market developments, and trends. However, simply reading about FinTech trends is not sufficient to claim know-how; FinTech consultants should possess the necessary insights to identify potential road blockers and opportunities on behalf of clients.

How can Contextual Solutions help you?

Contextual Solutions is a one-stop shop for FinTech, digital banking, and LegalTech products. We have experts covering A to Z of financial services: from banking product design to FinTech marketing and user testing. In addition, our FinTech consultancy offers concept validations along with turnkey software projects.

After working for decades in financial services, our consultants have set one mission: to minimize the resource waste in financial services. We find resource inefficiencies within financial organizations and fix them using technology, methodology, and futurology. Using our expertise and network, the FinTech startups, FinTech VCs and angel investors, and financial services institutions can get on top of the market trends, strengthen their strategies, and invest in ideas, entrepreneurs, and products that promise longevity.

Our consultants combine extensive research, data, and know-how to create custom-made solutions that would address particular user and market needs.

We know most FinTech startups and bank projects fail and therefore have made it our mission to prevent wasting money or time on redundant projects and product ideas. Read more about our previous projects here.

Our offices are based in Berlin, but the FinTech entrepreneurs and banks we work with are worldwide. Our consultants contribute from different FinTech ecosystems and travel constantly – let us know if you would like to meet us next time we are in your town!