Oct 042015
All over the world, people and industries are seeing the dramatic effect of technology. As new innovations are developed, new industries, services and business models are also created. One such area is in financial technology, or FinTech, which was the theme of the keynote address at a recent EY Banking and Capital Markets Symposium held in Singapore. The focus of the speaker was on the evolution of banks in the FinTech space and the view that up to 20% of traditional bank revenue is at peril due to FinTech.