FinTech is all about innovation, disruption and transformation, and will undoubtedly impact and shape the way financial institutions around the world operate.
The Financial Services industry continues to be fuelled by FinTechs influence. The perception of business at risk is growing and along with it the concern of potentially lost revenues. The fact that consumers are increasingly doing business with these non-traditional players will do little to calm uncertainty. As incumbents react to this they are attempting to come together with FinTech; to leverage the ecosystem it creates, turn the innovation to their advantage and alleviate their concerns around their business being at risk.