The Advantages Fintechs Have Over Banks

A recent CNBC report showed that fintech companies accounted for 38% of personal loans in 2018, up from 5% in 2013; one of the main advantages of fintechs is not having to rely on legacy systems which allows them to use the latest technology; customer on-boarding is an often overlooked area but is an important part of financial services and it drastically effects how a consumer views the company; Finextra details what sets fintechs apart from a customer on-boarding perspective as well as other factors that have led to them having an advantage over banks. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]