Chinese online merchants now integrate social media, ecommerce and finance. But all banks can get ready for the sea changes ahead.
Young FinTechs face a harsh new reality. After years of growth fueled by venture capital, market dynamics have produced three imperatives.
For more than a decade, bankers have mulled the potential of interconnected devices. But where new tech leads, hacking and compliance concerns follow.
Institutions with less—whether it’s control over their tech or smaller marketing budgets—can still do more with FinTech if they strategize.
Like banks, FinTechs don’t come alike. But addressing compliance, risk and transparency first can mean synergy now and success later.
Is it possible that the reams of paperwork and endless fax machine trips will end someday? It’s already happening, with FinTech startups helping lead the way.
Proponents say creating a debit card for customers, right in the branch, boosts usage and mitigates fraud risk.
Customers will increasingly demand the ability to bank on smart devices as well as traditional methods. But many banks simply aren’t ready.