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FinTech Pulse

Banking on Innovation Through Data

The last few decades have seen the financial industry slowly incorporating Internet-based technologies to open up new distribution and operational channels. Digital banking allows customers to access almost all financial services from anywhere, at any time.

Banks, however, are still offering essentially the same products and services as they did in the past. Compared to other industries such as entertainment, travel and retail, banks are not yet using these channels to actually change their business model or propose new and more relevant products or services. A few bells and whistles aside, the banking industry has yet to be truly disrupted.

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Topics: Disrupting Banking, FinTech, Digital Transformation, API, Big Data

Author: Marc Torrens, Chief Innovation Officer on May 11, 2015

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