Banks should react to the FinTech revolution

Fintech is not necessarily a threat poised to hobble the banks, but rather can be leveraged to make old institutions more nimble and efficient

Traditionally, banks have internally overseen and controlled the entire processing operations.

These days, the banking landscape is currently sailing through turbulent waters thanks to the ongoing digital revolution, as evidenced by statistics from fiscal year 2014 which saw $12.21 billion worth of investments pumped into fintech ventures.

Read more at Fintech Ranking

 

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