Media Commentary

Authority on frontier technology and next-gen marketing

Banks unlock new business with fintech

 

CRAIN’S CLEVELAND

A few years ago, traditional banks largely looked at fintech startups — many of which sought to flip the world of financial services on its head — either dismissively or as foes eager to disrupt their business models.

But banks and fintechs have become darlings in recent years. That trend is resulting in new and modern products, services and revenue streams for banks while simultaneously creating a slew of lucrative opportunities for fintech companies — a sector that has seen $57.9 billion of global investment at mid-year 2018, which is already 52% more than the $38.1 billion invested through the entirety of 2017, according to KPMG’s Pulse of Fintech report. 

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