In the not too distant future, I believe that almost all companies will earn a significant portion of their financial services revenues. In this post, I’ll look at the infrastructure that makes this transformation possible and, more importantly, how it will fundamentally change the banking sector as we know it. Every business, even one that has nothing to do with financial services, will benefit from fintech for the first time.
Startups will be able to start businesses faster and cheaper. Existing financial services institutions can quickly introduce new products and spend less on IT maintenance. And most importantly, it means more choices, better products, and lower prices for consumers.