Next frontier in banking is a marriage of fintechs and banksStawika CEO Raphael KimeuRecently, two things happened in the ICT industry and caught my attention. Never mind that it is an update to my mobile banking app. This was followed closely by the entry of those ATMs that would take deposits and just about the same time, mobile banking made its entry and banking just became convenient. The current phase of Banking 4.0 – banking everywhere, never at bank - has seen banking become internet and mobile technology based, further enabling services that were restricted to visits. Distribute the bank, by fragmenting financial services among banks and Fintechs or relegate the bank by turning it into a commoditised service provider with customer relations at the hand of fintechs.

Source: Standard Digital February 02, 2019 07:52 UTC