A new breed of financial technology is shaking up the industry, but it’s not all plain sailing. There are challenges to so-called fintech firms.
The rise of such financial technology may prove both a blessing and a curse to traditional financial services providers.
Some of these new starters have set themselves up as challenger banks to sell and deliver fairly simple financial products quickly and easily to a growing population of tech-savvy customers. While others have taken the route of selling their services to existing players, enabling banks rather than competing against them.
Neil Hodge explores the implications in the Summer 2017 issue of Enterprise Risk.
Read the full article here.