Slow by design — The burden of legacy infrastructure in the banking sector

Slow by design — The burden of legacy infrastructure in the banking sector

Slow by design — The burden of legacy infrastructure in the banking sector 624 449 HANGAR49

Nóra Bézi, August 26th

How the fintech revolution presents an existential threat to traditional banks

 

5 Minute Read
Slow by design

In the face of the aftershock of the financial crisis and the past few years of the ‘fintech revolution’, traditional banks have managed to preserve their dominant role in the global financial services industry — for the moment. According to the Digital banking adoption statistics by Finder.com, 51% of responders prefer personal interactions compared to online accounts and chose to remain with their current traditional bank for this reason…

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