How old banks are learning from a new breed of tech start-ups

Startup Innovation

I gave this (i.e. the Fintech scene) special coverage in a separate section of my trend report.

Banks around the world are realising that in the rapidly developing world of smartphones and apps they are at risk of falling behind in the innovation race. Fresh-faced financial technology start-ups (fintechs) are coming up with new mobile-first services – payments, loans, money transfers, digital currencies – and threatening to steal customers, particularly younger ones.

This is why many old banks have been flirting with younger models in an effort to stay hip. But are such apparently mismatched relationships doomed to failure?

From the BBC website.

#innerventuresupdate #fintech