Why are finance teams in fintech vertical still closing books like it’s 2005?

Why are finance teams still closing books like it’s 2005… when everything else in fintech has gone real-time?

Every month, finance teams go through a painful process to close the books—collecting data from disconnected systems like ERPs, payment platforms, and spreadsheets.

It’s a manual, time-consuming workflow that leads to delays, errors, and inconsistent reporting.

The average mid-sized fintech takes several days just to complete month-end close. That’s lost time, delayed insights, and increased risk when compliance and investor confidence matter most.

In an industry where real-time payments and instant settlements are the norm, why are finance teams still closing books manually, weeks after the fact?

Curious to learn your thoughts on this matter!

Видео Why are finance teams in fintech vertical still closing books like it’s 2005? канала Sam Boboev