Banks Must Innovate Internally to Keep Pace with Fintechs

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PwC yesterday released its report ‘Redrawing the lines: FinTech’s growing influence on Financial Services’ revealing that over 80% of incumbent banks believe business is at risk to innovators such as FinTech startups – prompting the need for a surge of internal innovation in the incumbents, as well as collaboration with the FinTech community.

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