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Digital Innovation Transforming the Banking Industry

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While new entrants are changing the face of banking, traditional financial institutions can still dominate by partnering, hiring, crowd-sourcing, and piloting new solutions that focus on the customer experience.

This is because there are several questions that industry observers continue to ask:

  • How will innovations (like marketplace lending or blockchain) transform legacy banking operations as we know them?
  • Will incumbent banking organizations continue to dominate or will there be a disintermediation of banking organizations by the fintech start-ups?
  • Will legacy banking organizations and fintech players be competitors or partners in the future?

For more on this story visit the following link: Digital Innovation Transforming the Banking Industry

Source: The Financial Brand

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