Fintech: Banks face 'extinction phase' amid new financial technology
Some global banks boast of long and proud lineages, but they'll need to adopt the latest tech advances to survive the ongoing revolution in financial technology.
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This is something I talked about for the last year or so. It is basically a done deal in my mind. The banks, as they are constructed now, are cooked. It is only a matter of time. All the advancements in FinTech make them less competitive. While it appears to be to their advantage, eventually the non banking entities will take over.
Looks fun and admirable!
that is: join the revolution!
Kodak and Blockbuster are two global names that were rendered obsolete by technology. It could be happening again.
Indeed, I would say they better join now before they are left behind!