The Future of Banks and Fintech Startups

The concept of banks hasn’t changed much, but as technology evolves, old concepts get updated. Don’t believe me? Take a look at the state of the finance industry right now. Banks won’t be going anywhere anytime soon, but the fintech industry is quickly becoming a safe, modern alternative for many people. But why? Why would this “fintech” industry threaten banks, and what can banks do to prevent irrelevancy? The Start of a New Beginning It was only inevitable that finance and tech would merge, thus the fintech industry was born. Fintech isn’t a new concept, but the industry behind it…...