What shall banks do when Technology Companies become banks of the future?
They have plenty of choices actually!
1) Banks become Technology companies. This is a very predictable response – you enter my turf, I enter your turf – and we compete. Here, ideally, banks should leverage their knowledge and capability advantage of risk management and compliances, and build a technology stack to leverage FinTechs (instead of themselves become FinTech*n)
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This post first appeared on Abhishek Rungta-s Blog - Business Strategy, Intern, please read the originial post: here
