- Published on December 19, 2018
- In Deep Tech
FinTech Vs Banking: Decoding The Difference Between Banks & New Market Entrants
- By Martin F.R.
The emerging technologies have played a huge role in bringing newer innovations in the banking industry. For instance, 4G internet and chatbots transformed the banking sector massively, paving the way for a smooth customer interaction. Also, at the same time development of online businesses had built the ground for non-banking online-payment solutions, when the FinTech firms took the much-needed advantage and created a roadblock for the monopoly of these legacy financial institutions. With all the disruptions that are shaping the banking industry by FinTechs, it may be the right time to discuss the major differences between them and the traditional banks. The article also outlines how banks are embracing FinTech in an attempt to become digitally savvy. Nowadays, some of the big
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Martin F.R.
Martin Fredrick Raj worked as a Technology Journalist at Analytics India Magazine. He usually likes to write detail-oriented articles which are well-researched in articulated formats. Other than covering updates on analytics, artificial intelligence & data science, his interests also include covering politics, economics, finance, consumer electronics, global affairs and issues regarding public policy matters. When not writing any articles, he usually delves into reading biographies of successful entrepreneurs or experiments with his new culinary ideas.
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