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Getting from fintech to techfin – a slow evolution
- Wednesday | 11th December, 2019
Typical fintech discussions include comments about Chinese money transfer services, several mobile and online lending services, online identification, KYC and AML solutions and importance of data in all new services. One could ask, is it really fintech, alternative finance or loan shark business. Most fintech solutions haven’t really been able to use technology to totally change existing services, processes and infrastructure. The main reason is that they still simply try to be upgrades to existing finance services and not create new, disruptive and totally digital finance services. Maybe we will never see the big breakthrough to techfin while fintech continues to change finance services.
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