FinTech collaboration key for banks to survive market disruption
11th July 2017
Rapid advances in the financial technology space mean that traditional banking institutions find themselves increasingly open to potentially disruptive competitive forces. New research finds that customers remain weary of both traditional banks and FinTech services, although in key markets such as North America, customers are slightly more keen on FinTechs. Given the difficulty of market access, as well as regulatory requirements and innovation, the research finds traditional players and FinTechs are keen to collaborate - APIs are identified as one possible channel for such collaboration.
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