The Fintech industry is going through a storm due to the technology changes. A report shares that 56% financial institutions have put disruption at the heart of their strategy. The same source also reports that 77% institutions expect Blockchain to be an invincible part of the process in coming three years.
The figures clearly portray the way advent of new technology has created disruption across the industry. To overcome the fear of being lagged behind, financial institutions are looking ahead to increase their collaboration with young companies. In fact, out of 1300 participants, 82% say that in coming three-five years, such collaborations will increase drastically.
