Anshuman Yadav

expert panel

A fintech platform can simplify banking for solopreneurs, but convenience alone is not enough. FinTech Think Tank members explain how to evaluate deposit insurance, security controls, data practices, reliability, customer support and backup banking options before putting an entire business on one platform.For a solopreneur, putting banking, payments, payroll, taxes and cash management in one app can make running a business dramatically easier. It can also concentrate the consequences of an outage, frozen account, fraud incident or platform failure in a single place.Members of the Senior Executive FinTech Think Tank share their expertise across fintech, payments, banking technology and financial infrastructure to answer a question that goes beyond whether an app looks secure: What is actually underneath it, and can the business keep operating if something goes wrong?The answer is not necessarily to choose a traditional bank over fintech, or fintech over a bank. Instead, solopreneurs should evaluate the infrastructure behind the product, understand how their money and data are handled and build enough redundancy to keep one technology failure from becoming a business crisis.