GettyOBSERVATIONS FROM THE FINTECH SNARK TANKThere’s a misguided notion permeating the banking industry: That fintech startups are somehow more ethical than legacy banks, or that there is a fintech “ethos” that distinguishes fintechs from banks (and somehow makes fintechs morally superior). Traditional banks are slower than challenger banks especially the issue of adopting cybersecurity measures.”These references don’t adequately capture the zeitgeist out there. A company’s ethical compass comes from its leaders, not being a fintech company.”Sharon O'Dea: “There’s nothing inherently fairer about FinTech. Could Fintech Startups Be LESS Ethical Than Banks? Therefore, could fintech startups be less ethical than legacy banks?

Source: Forbes October 21, 2019 06:00 UTC