New financial regulations, including the EU's Second Payment Services Directive and their open architecture framework that forces banks to share transaction data, may force banks and Fintechs to fight for customer loyalty. Compromises must be made between the competitors. However, according to the banking and finance software specialists, Temenos, the banks and Fintechs that collaborate are going to be the ones that survive.
A Temenos' release discusses one central idea: 'Symbiosis: Your banks has your trust. Can Fintech make you love it?' Their report, the fourth one performed by the ...
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