Fintech posing a threat to Banks?

threats

 

With the Fintech recap we had in the previous post, we can see that Fintech is definitely gaining traction. Fintech is beginning to occupy the same turf as banks and the banks are starting to take notice. In the past, due to a lack of alternatives, banks enjoyed an exclusivity when it came to various positions in the economy. In today’s market, with Fintech players ever growing, there is increased competition in such positions. However, what does this traction mean for tradional players such as the banks and the economy as a whole?

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