Introduction:
The efficiency, accessibility, and cost of financial services have all been greatly improved by this paradigm change. While maintaining regulatory stability, the Reserve Bank of India (RBI), our judicious regulator, has adopted a proactive role within this dynamic ecosystem, encouraging innovation.
FinTech Giants and Traditional Banks Working Together in Harmony The financial industry giants, banks, have used two different approaches to counter FinTech innovations. Initially, they have started incorporating new ideas into their operations, putting them squarely against FinTech companies. Secondly, banks have welcomed working together with FinTech companies, either through joint ventures or by utilizing FinTech services. By working together, banks are able to take advantage of Fin-Techs' agility and creativity and provide better consumer experiences. Concurrently, competition acts as a catalyst for continuous innovation, pushing traditional and FinTech firms to keep improving.
The Legal Maze:
Diese Geschichte stammt aus der May 2024-Ausgabe von BANKING FINANCE.
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Diese Geschichte stammt aus der May 2024-Ausgabe von BANKING FINANCE.
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