Fintechs or Techfins; Competitors or Collaborators?
06 Dec 2020
Green Stage - Sheikh Rashid Hall
Tech giants are filling the void left by banks with their smartphone apps. The dominant success of WeChat (Tencent) and Allpay in China has virtually seen cash disappear. Apple, Facebook and Google, and even Uber, have started their own financial services, yet stopping at starting their own banks. Will they further integrate insurance, loans, payments and stock trading into their platforms? Can traditional banks survive this assault from the tech giants? Is there a middle road for collaboration or co-existence in this new financial landscape?