Will the Big Banks be able to hold up against the Fintech challenge?

The legacy financial services are trying desperately to gain a competitive edge over the innovative Fintechs. Despite having all the traditional advantages – network infrastructure, solid balance sheets, regulatory approvals, physical footprint & established business relationships with the older generation – they still seem to be fighting a losing battle. Fintechs, on the other hand, focus their services on the tech-enabled Millennials & Generation Zers, who demand tailor-made services accessible to them on their smartphones giving the best value of their money. And their explosive growth speaks volumes about the success of this model – global Venture capital funded deals…...