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FinTech challenge: Shrinking the role of traditional banking

October 28, 2015 | Banker, Middle East
Source - http://www.cpifinancial.net/flipbooks/SUPPLEMENTS/2015/LIFT2015/#8

In an exclusive interview with Banker, Middle East, Mr. Vishnu R. Dusad, CEO, Nucleus Software talks about the disruption to the banking and finance industry from the FinTech sector and the challenges and benefits banks face in playing catch up to stay ahead of the competition.

He mentions that,
"The emergence of FinTech companies has posed a serious threat to the banking and financial industry as they have the potential to shrink the role and relevance of the traditional banks."