Today, fintech services and innovative payment solutions are becoming a more and more important part of our everyday lives. Traditional banks are too slow to implement modern technological solutions and people prefer using innovative and sometimes superior products created by emerging fintech companies. Banks are responsible for the propriety of financial operations, which in the classic implementation of this process costs a lot of money – and this burden ultimately is passed to customers. To stay afloat amidst the rapidly changing sea of modern finance, traditional banks must change and learn to work in a beneficial partnership with rising fintech startups. In his speech, Andrew Zimine will talk about how banks need to change and what they need to do to survive.
04:40PM - Day 1