The financial technology revolution that’s underway promises to impact businesses in many ways, including their use of banking services.
Banks — major participants in this revolution — are investing in and collaborating with fintech firms, even as they pour resources into their own innovation laboratories. Their goal is to forge new business models to make financial services more efficient and convenient, as well as less expensive.
New, disruptive financial technologies continue to make headlines. To cut through some of the hype, here we report on how five such technologies are starting to be used in the business world, as well as ways in which banking applications of these technologies are expected to affect companies.
