Today the emergence of non-bank/FinTech startups is shifting the competitive landscape in financial services, compelling conventional institutions to redefine the way they do business. With the increasing data breaches and intensifying privacy concerns, regulatory and compliance needs have become more restrictive. There are many banking industry challenges that can be resolved using technology that’s caused this disruption, but this transition from legacy technologies to innovative ones hasn’t always been an easy one. In fact, banks and similar institutions need to embrace digital transformation to survive and thrive in the current…
Small Enterprise Magazine – August’21 Issue : SME Banking & Finance
