Fintech forces commercial banks to get with the next-generation program.
Boston, January 13, 2016 – Corporate banking is not known for its speedy innovation, but fintech companies have finally placed banks on the defensive, forcing them to knock down silos, rethink antiquated processes, and implement technology-driven solutions or risk relationships and revenue. Technology initiatives such as blockchain, faster payments, and the user experience will become major topics in 2016 as commercial banks hie to modernize.
This Impact Note is 18 pages. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.