Sector report: Fintech
Banks, insurance, payment and asset management companies continue to transform into more digitised, customer-focused and flexible business that face challenges in the quickly evolving fintech ecosystem.
After the global financial crisis in 2008, the financial industry has lived in a low-interest-rate environment, with quantitative easings and much monetary expansion. These developments over the past decade, in theory, should favour the retail banking business but have not necessarily and always translated into credit expansion, due to stricter and more rigorous regulations…
