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Are Traditional Players Losing out on Retail and Commercial Banking?

Today, traditional financial institutions are facing competition as they have never faced before. The rapidly increasing number of FinTech startups are penetrating the market share and shrinking banks’ profits. Moreover, it seems like traditional banking business models have been forced to transform under the pressure of FinTech. FinTech, which was competition before, has found its way into banks’ service chain. Banks are either outsourcing their credit business or financially backing alternative lenders to get access to consumers’ pockets.

As there is a FinTech startup for almost any bank service, it is legitimate to assume some services may get lost to traditional play ...

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