The tectonic plates of the banking sector are shifting faster than ever. High street banks are under stress from the massive competitive threats generated by their leaner, technology-driven fintech rivals and challenger banks. These fintech companies are finding success simply by being more efficient or by taking advantage of emerging and highly effective technologies such as blockchain which have immense, if as yet uncertain, potential. The challenge presented by these emerging companies is very real, as they are growing at an exponential rate
Sourced through Scoop.it from: www.bankingtech.com