The report describes how many banks are working to partner more effectively with fintech start-ups, while most start-ups "do not feel half as warmly towards their incumbent rivals".

This acrimony is described as: "One [start-up] dismisses [banks] as 'the Kodaks of the 21st century,' another as 'financial vacuum-tube makers in the age of the transistor'.

They see banks as tomorrow's telephone copper wires, vestiges of an earlier age, and believe that, in essence, banks cannot adapt. 

Read the full story at mobilepaymentstoday.com

 

 

promoted stories