
Innovation in FinTech is Driving the Future of Banks and Financial Systems
Growing demand for addressing regulatory compliance, digital competitors, and ever-increasing customer expectations is changing the landscape in which banks pursue their survival. Digital entities and new entrants are flooding the market with new technology-driven solutions in hopes of tapping the rising demand for seamless, digital banking solutions from customers. In contrast, many long-established banking organizations are entrenched in aging technologies and legacy models. Financial institutions are struggling just to stay in business In the today’s intensely competitive environment, organizations that haven’t kept pace with competitors in adopting tech innovations will find their legacy processes become increasingly labor- and cost-intensive. And …