How is fintech affecting traditional banking?
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Projected that bank revenue could decrease by between 10-40% because of fintech by 2025
Future partnership between fintech and banks
Move toward “optichannel” delivery of solutions that is based on customer needs and preferences
Banks will try to replicate characteristics of fintech to differentiate and leverage scale advantage
Potential rise of new breed of banks( challenger banks) that do not need to rely on another banking firm for back office support