Fintech Startups Are Stealing 40% of Banking Market Share.

Digital Transformation Fintech

August 27, 2017

Absolutely no industry is safe from digital transformation. Uber has proliferated the taxi industry, the hospitality industry has been shaken up by Airbnb, Netflix has disrupted the entertainment sector, and the music industry swiftly changed models from CDs to streaming thanks to applications like Spotify and Pandora.

Traditionally, the banking industry is slow to change due to its highly regulated nature, yet while banks are neglecting to adapt to changing customer needs, visionary FinTech startups and widely supported shadow banks are surfacing to take a large piece of the market share - close to 40%.

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