AI Summary
→ WHAT IT COVERS Fintech industry evolution from 25% of venture funding in 2020-2021 to near-zero by 2022, examining boom-bust cycles and current AI-driven resurgence opportunities. → KEY INSIGHTS - **Funding cycles:** Fintech captured 25% of all venture dollars during 2020-2021 peak, dropped to nearly 0% by 2022, demonstrating extreme volatility requiring strategic timing awareness. - **Revenue diversification:** Companies like SoFi and Robinhood shifted from lending-focused models to deposit-driven revenue streams, generating significant profits from interest rate increases and full-stack banking. - **AI fraud acceleration:** Financial fraud grows 18-20% annually with AI enabling sophisticated attacks like automated pig butchering scams, requiring advanced network-based detection systems across institutions. - **Enterprise software opportunity:** Large financial institutions now adopt external fintech software after years of building internally, creating massive B2B opportunities in compliance, risk management, and operations. → NOTABLE MOMENT Perret reveals fraudsters currently represent the biggest AI use case in financial services, with sophisticated automated scams replacing human-operated fraud factories in Malaysia. 💼 SPONSORS None detected 🏷️ Fintech Investment, AI Fraud Detection, Financial Services Software, Venture Capital Cycles