Publication Date: October 2015
Fintech is changing the face of global payments. Global investment in fintech ventures tripled in 2014 to US$12 billion. As new payment capabilities come to the fore, cutting-edge technology is transforming how transactions are initiated and processed. This is no longer just a case of new currencies or faster payment methods, but an entire rethinking of transfers of “value” and how these are undertaken. This presents both a challenge and an opportunity for banks.