The Future of Banking with Fintech Revolution
Our lives are spent primarily on Digital platforms these days. We live in a world where our virtual existence is more prominent than our physical world. Technology has changed the way everything operates. Banking Industry is undergoing a transformation too. With a surge of start-ups solving problems for customers & innovative developments, the pressure is on the banks to deliver. The need of the hour is to keep pace with the rapid developments around the digital space & offer true value for the customers. The finance industry is turning on its head with the rising digital platforms & ecosystems. According to a study, Invigorating Banking by Finextra, 80% of banks believe they will have to replace their core banking system in the next 3 to 5 years. Fintech revolution & digitisation are shaping the future of banking.
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