The Power Is in Unity: Bringing the Disruptors and the Corporate World Together

In the past few decades, the relationships between the startup community and corporate sector have evolved from subtle confrontation to joint ventures and collaborative innovation. This shift could be attributed to the financial service industry’s changing climate. For example,~40% of revenues and up to 60% of the profits in retail banking businesses – consumer finance, mortgages, small-business lending, retail payments and wealth management – are believed to be at risk from various factors such as dwindling margins and FinTech startup competition (which target customer-facing origination and sales).

The financial services industr ...

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