With the number of reports suggesting that fintechs are bad news for banks, it may come as a surprise, that the opposite is in fact true. Fintechs may actually be the best thing to happen to traditional banks and the banking sector for a long time. No, really.
Traditional banks’ dominant position in the value chain is under threat. They are involved in a growing battle for consumers’ business, driven by an increasing amount of competition from challengers, new Fintech players, and each