What are some viable startup ideas in fin tech?
Insurance by app?
Stock trading for free?
Not everything needs to be B2C. There are a ton of problems to solve for B2B - for example reconciling buy side transactions to the street. In this space though usually a bank/fund will spin off a product they developed in house but there are a few companies that have started from scratch.
Everyting in Fintech involves a mountain of paperwork and regulation. And probably a huge amount of money from the get-go.
Not true there are lots of regulatory-light fintech applications you can try like building applications on top of banking APIs. Very few people ever really use bank APIs you may find the bank will be glad to talk to you.
You likely (but not always) need a legal entity, but thats a prerequisite for setting up any business.
Living the dream, what are/were a few of them?
I still have too much psychological/mental stuff from my Fintech startup I left in 2018 to seriously consider doing it again, even though this pandemic put the Industry I focused on as an 'essential' Industry despite denying them access to financial services and payment processing at the same time.
I also now have made friends with an accountant at a very reputable Accelerator with connections to Silicon Valley VCs. Still, it'd be tempting to get to do it all again for not having to work for anyone again, even though I also bootstrapped and had to have a day job for the first 3.5 years.