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How FinTech Forever Changed the Way Financial Institutions Look at Customers

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FinTech is responsible for a multitude of significant achievements in the financial services industry including the transition from a closed-loop ecosystem to an environment that encourages open innovation, collaborative efforts and partnerships between institutional players and startups.

Aside from opening minds (and pockets) of institutional players, there has been another important transformation that happened under the influence of technology companies – the way financial institutions look at customers. More particularly, the way the creditworthiness of customers is assessed.

For more on this story visit the following link: How FinTech Forever Changed the Way Financial Institutions Look at Customers

Source: FintechRanking

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