August 31, 2016
The perception of FinTech’s effect on traditional banking varies across industry professionals – while some see it as a threat to revenues, others give an evaluation of the upward trend in essential financials in banking as a result of FinTech's impact.
The one thing professionals agree upon is the fact that FinTech has a substantial material impact on the financial services industry and is a factor in the decision-making process. One of the recent trends, most likely facilitated by the startup ecosystem, is the consolidation of efforts among the largest players in one form or another.
Among the earliest examples is the clearXchange case. In October 2015, in a