Building Banking Software: What VCs Don't Tell You

Lovely listener, share with us your thoughts! Hanif Nezhad, Co-Founder of Neco Solutions, reveals why EU fintech regulation kills innovation, how US markets differ, and what it really takes to sell banking software to enterprises. From building robo-advisors acquired by ING to launching automated trading platforms, this is fintech product development unfiltered.In this episode, Alex Khomyakov and Hanif discuss the hidden challenges of building fintech software under regulatory pressure, navigating compliance across EU and US markets, and designing wealth management technology that financial institutions trust.📍 KEY TOPICS & TIMESTAMPS0:00 Introduction4:21 Working with financial services clients: exchanges, banks, and early fintech platforms7:23 How fintech regulations reshape product development and shipping timelines14:15 The role of co-founders in navigating business challenges and regulatory complexity16:36 Designing a white-label robo advisor acquired by ING: technical scope vs enterprise integration22:49 Enterprise sales strategy: plan for the worst, hope for the best with bank timelines25:11 European vs US fintech regulations: why the EU lags in innovation and adoption33:51 AI's impact on wealth management: reshaping human advisors and client relationships36:56 Building cross-disciplinary teams for fintech success: compliance, product, and engineering🎙️ ABOUT THE GUESTHanif Nezhad is Co-Founder and Product Lead at Neco Solutions, a fintech software company specializing in neobanking platforms, wealth management systems, and algorithmic trading technology. His background spans high-frequency trading infrastructure, white-label robo-advisor platforms (including one acquired by ING), and Options Robot, an automated options-management product for U.S. retail traders.🔗 Guest LinkedIn: https://www.linkedin.com/in/hanif-nezhad-b9450285/#FintechRegulation #BankingSoftware #RoboAdvisor #FintechCompliance #WealthTech🎙️ Subscribe for weekly episodes on fintech, AI, and innovation🌐 Website: https://curiositycodepodcast.com/📱 Follow on LinkedIn: https://www.linkedin.com/in/akhomyakov/🎧 Listen on Spotify: https://open.spotify.com/show/curiosity-code🍎 Apple Podcasts: https://podcasts.apple.com/podcast/the-curiosity-code-podcast/id1748596092