Fintech is in the news almost daily and it appears as though the slow moving financial service industry is now being challenged by its own to speed up the pace of change. Is this because they are afraid that competition may appear from other sectors or from savvy tech firms? Technology has proven to be the great leveller and no more so than today.
Financial tech firms are after the big three: speed, ease and industry disruption. Financial tech companies want to be like Uber. Why? “They make it so…easy,” said Heather Cox, chief client experience, digital, and marketing officer at Citi Global Consumer Banking.