According to a new industry report, nearly three-quarters of financial technology startup fail within their first three years due to regulatory compliance issues.
Regulatory navigation is the primary factor determining success or failure in the rapidly growing sector, according to a study published by Los Angeles-based Hare Strategy Group.
Jeremy Hare, principal researcher and founder of the consulting firm that conducted the study, said that technical excellence alone doesn't guarantee market success.
There are some key findings.
The analysis revealed several key insights for industry stakeholders.
Despite ongoing concerns about regulatory uncertainty in the sector, investment in the sector reached $53 billion in 2024.
There are practices for implementation.
Hare, who previously managed hedge fund investments and covered financial markets for major news outlets, said that the research is designed to provide practical, implementable strategies.
The regulatory roadmap template and partnership development toolkit are free downloads for industry professionals from the firm's website.
Hare Strategy Group helps companies identify and navigate regulatory challenges in financial technology.
"We're seeing increased interest from venture firms who want portfolio companies to address these issues earlier in their development."
The executive summary and full report can be found at www.harestrategygroup.com.
Media Relations Strategy Group is located in Los Angeles, CA.
Hare Strategy Group is a source of information.
Do not sell or share my information.

Source prnewswire