The Unseen Impact of Fintech on Traditional Banking
The advent of financial technology, or fintech, has significantly shifted the landscape of the banking industry. While this rapid transformation has been largely visible in terms of digital transactions, online banking, and mobile apps, there exists an unseen impact that fintech has on traditional banking. This change extends beyond the customer interface and penetrates the core operations and business models of banks. Let’s delve into how fintech is subtly altering the traditional banking sector, bringing with it new opportunities and challenges. The following article aims to shed light on this crucial yet often overlooked aspect of the fintech revolution. Shifting Business Models in Banking Emerging fintech innovations have ushered in a significant shift in the business models of...