It seems times are changing, that the new challenger services seem to be swaying customers with their user friendly and customer centric solutions. A wake up call of for British banking and beyond, European banking. Doing what you have always done, will give customer what they have always got; perhaps it is time to question deeply whether customers want what they have always got, or whether they want something new.
At the Fintech for Inclusion Global Summit hosted by Accion, Quona Capital and FMO, in the Hague last week, Peter van Mierlo, the CEO of the Dutch development bank FMO didn’t mince words: “The financial sector needs to be reinvented.”
The future of financial services changed on the 2nd of February and not for any reason you’d expect. That was the date the online game Fortnite held an in-game concert that was viewed by over 10 million people live.
Finextra reports on the rise of the challenger bank economy in Asia, as Money20/20 prepares to open its doors to a new wave of disruptors and innovators in Singapore next week.
Wharton's Itay Goldstein and Andrew Karolyi from Cornell discuss a new research intitiative that aims to clarify where the actual promise lies regarding fintech.