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The Rise of Digital Banking and Fintechs: Branch Tomorrow

Breaking Banks

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Fintech Evolution and Banking Transformation

This chapter examines the seismic shifts in the financial services industry, where fintech companies have gained a significant edge over traditional banks, particularly in customer engagement and acquisition. It highlights the rise of cashless economies, especially in China, driven by mobile payment platforms like WeChat and Alipay, alongside the challenges faced by traditional banks in adapting to this digital transformation. The conversation also touches on real estate opportunities in Italy, reflecting on demographic changes and lifestyle shifts influenced by the pandemic.

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