Description: The Latest Digital Banking, Banking Innovation and FinTech News
Old but excellent article on sector convergence as it relates to the financial services sector. “Large retailers are launching their own consumer banks, payment services and credit cards based on customer data, brand loyalty and capital reserves in mature markets. At the same time, telecom operators are targeting the “underbanked” segments in developing countries through mobile banking.” Christopher O. Hernæs
Source: Industry Convergence In Financial Services Is Accelerating | TechCrunch
Interesting statistics! “with 85% mobile penetration and only 20% with access to financial services, we are facing one of the biggest windows of opportunity of our era”- Irrational Innovations