Online payment methods available at a store in China. Banks see such services as a growing threat, but a report says banks can use their position of trust to collaborate with their digital counterparts. Photo: Imaginechina
Traditional banks can be the ‘trusted face’ of fintech and online finance firms
While banks see fintech as their biggest threat, they can use their trusted position among customers and regulators to collaborate in the shift to digital banking, software firm Temenos says
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Fintech
Online payment methods available at a store in China. Banks see such services as a growing threat, but a report says banks can use their position of trust to collaborate with their digital counterparts. Photo: Imaginechina