Fintechs are starting up in Pakistan.
Fintechs are clearly the future.
Fintechs, if built on a solid foundation and without any shortcuts,
are generally fast-growth companies.
What happens here in Switzerland in terms of relationships between the banks and the Fintechs is we see this as a pretty symbiotic relationship.
They are in every profession from home chefs to Fintechs- edutechs service providers to problem
solvers who are solving various day to day problems for people around them.
Last month we have released the second version,
an updated version, because Fintechs do develop, and
we have tried to make it even more clear and to clarify points.
To seize these opportunities- and avoid losing revenue to Fintechs and neobanks- it's critical that legacy players
focus their efforts in the right direction, including identifying their strategic priorities.
Fintechs- including alt lenders,
payment providers, and lending platforms- are changing the SMB lending space by filling that gap and capturing an increasingly large sliver of the SMB lending market.