While fintechs
have disrupted traditional finance in the UK, they are also considered as
sources of innovation. Some of the revolutionising settlement services
introduced by these firms are mobile wallets or cashless
payments. In a survey, analysing 168 large institutions, carried out by KPMG, more than 51% of respondents
ranked fintech companies as the “top source of innovation”. 21% advanced that
they are the second most important source. These numbers have considerably
increased since the survey was conducted. One of the factors causing this
growth is the amount of capital
investment being dedicated to these startups.
Fintech
firms offer innovative services
Comments
Post a Comment