“People need banking, not banks.” – Ranjit Sarai
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Fintech retention rate statistics show that even established firms continue to focus on internal innovation. More companies are adopting the new normal.
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“The major winners will be financial services companies that embrace technology.” – Alexander Peh
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About 37% of financial service organizations have fintech-based products or services available to their customers. (PwC)
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“Bitcoin is a remarkable cryptographic achievement and the ability to create something which is not duplicable in the digital world has enormous value” Eric Schmidt
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“The COVID-19 pandemic has accelerated the shift towards a more digital world. The changes we make now will have lasting effects as the world economy begins to recover.” UNCTAD
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“There’s going to be more change in the financial services industry in the next 5 years than there’s been in the last 30” Dan Schulman
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The AI is expected to become even smarter, with more sophisticated chatbots and advanced functionalities—including switching utility and credit providers—as well as fraud prevention becoming the norm (The Fintech Times).
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