A deep dive into fintech evolution with Lilac Bar David

How is artificial intelligence reshaping the landscape of small business finance? In this episode, Lilac Bar David, Co-Founder and CEO of Lili, unveils how AI is simplifying and revolutionizing financial management for small business owners. Through a journey through Lili’s unique approach, Lilac highlights the transformative impact of integrating banking and accounting and the power of AI in making financial operations more efficient and accessible.Key Takeaways:(02:39) The high consumer expectations in banking services.(04:28) Lili’s mission — to simplify small business financial management.(06:37) Addressing the unique challenges of small business owners.(07:15) Overcoming financial management hurdles in small businesses.(08:47) The synergy of banking and accounting in Lili.(10:29) AI’s role in automating financial management. (14:04) The strategy behind building vs. buying technology for Lili. (16:08) Lili’s plans, including accounting and tax focus.(20:04) Designing Lili for inclusivity, particularly for female entrepreneurs.(22:52) Advice for fintech founders on navigating regulatory challenges.Resources Mentioned:Lilac Bar David -https://www.linkedin.com/in/lilachbardavid/Lili | LinkedIn -https://www.linkedin.com/company/hellofromlili/Lili | Website -https://lili.co/Pepper -https://www.pepper.co.il/Any specific guest you’d like to hear on the show? Leave your suggestions at https://www.smbtechinnovators.com/.Thanks for listening to SMB Tech Innovators, powered by Gusto | Embedded Finance, Vertical SaaS, Payroll API. If you enjoyed this episode, hit the subscribe button, and never miss another insightful conversation. And be sure to leave a review to help get the word out about the show.#SMB #Fintech #Innovation #Saas #HR #Payroll #SmallBusiness