Why Flat Files Are Still Good

Innovations continue to rapidly alter the fintech landscape, but which traditional technologies need to stay in place, and which ones are being replaced? For a look at what happens behind the scenes in fintech startups, in this episode of The Yield, Hrishi Dixit, Chief Technology Officer of Yieldstreet, sits down with Sankaet Pathak, Founder and CEO of SynapseFI to discuss the challenging task of modernizing decades-old financial infrastructure, and why some old technologies are still good in the 21st century.Key Takeaways:[2:35] Overcoming the personal finance challenges that led to fintech innovation.[9:03] The discovery process surrounding flat files.[11:50] Bridging the gap between asynchronous processes to instant access to everything.[17:05] Staying on top of changing digital currencies regulations.[28:42] Is there a future in fintech that doesn’t include flat files?[36:01] Patterns of money movement that signify financial fraud.Mentioned in This Episode:Yieldstreet