Digital transformation is making some real changes in the financial industry and increased adoption rates by consumers. Recently, the renowned consulting firm McKinsey has stated that financial institutions must respond to the fast-evolving landscape and address the digital transformation accordingly – through integration of such digital services on their own platforms or collaborating with Fintech start-ups to provide what the consumers are demanding! Further, the consulting firm also stated that if these risks aren’t taken care of at the latest, financial institutions might take a serious hit to their balance sheets, similar to the 2008 global financial crisis.

 

Continue reading the article by clicking the link below;

 

https://thefinancialbrand.com/68438/digital-disruption-banking-ecosystem-trends-crisis/?utm_medium=email&utm_source=fintechweeklycom

 

-Mahmood Adawy

-mahmood@candidate.ae