Conducive environment: Chee says Bank Negara has created a positive environment for fintechs to strive further.
A STRONG partnership between banks and financial technology (fintech) firms could prove to be the foundation for a stable and thriving fintech industry.
According to CompareAsia Group chief commercial officer Prashant Aggarwal, the emergence of fintechs has brought about the unbundling of banking services. Where banks have traditionally provided a full range of services such as advisory, payment and lending, fintechs are focusing on carrying out each of these services more efficiently.
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