The Impact of Fintech on Traditional Banking: Disruption or Collaboration?
The financial technology (fintech) revolution has been sweeping across the global financial industry, bringing about significant changes to the way financial services are delivered. Fintech companies, with their innovative use of technology, are challenging traditional banks in various areas, from payments and lending to wealth management. This has led to a debate about whether fintech is a disruptor or a potential collaborator for traditional banks.