Should banks nurture internal innovation or fintech | KPMG | PH

Should banks nurture internal innovation or invest in fintech?

Should banks nurture internal innovation or fintech

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should banks nurture internal innovation or invest in fintech

As bank CEOs realize the pressing need to introduce next-generation products and refresh their brands to compete for millennial customers, many are turning to financial technology (fintech) companies for solutions. Although strategies to buy, build, borrow or battle fintech start-ups can be effective, banks should also consider developing their own innovation cultures from within, to create a lasting competitive advantage.

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