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The impact of AI on the fintech industry could be greater than imagined
Why do I say that? The core value of many fintech companies is actually built on automation capabilities. But the current issue is—AI is doing automation faster, cheaper, and more efficiently.
Imagine this: middleware systems that originally took engineers weeks to develop can now be generated by LLM in just a few seconds. What does this mean? The competitive barriers built up by traditional fintech through process optimization and automation are rapidly collapsing.
The fintech players that can truly survive must build a moat around a certain area of expertise—not just simple automation logic, but deeper domain know-how, user network effects, or irreplaceability in specific scenarios.
In other words: software is becoming as cheap as a consumable. Those who haven't figured out how to survive may really be swept away by the tide.