The Evolving Relationship Between Fintechs and Traditional Banks
Banking Transformed with Jim Marous
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The Evolution of Banking in the Face of Fintech Disruption
This chapter delves into the changing dynamics in banking, emphasizing the importance of partnerships with solution providers and the challenges faced by traditional banks in adapting to innovation. It discusses the rise of embedded finance in small businesses and how big tech companies like Apple and Amazon pose a significant threat to traditional banks. The chapter also explores the potential impact of stablecoins and blockchain technology on the banking industry, urging banks to pay attention to these innovations for future growth.
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