COURTING FINTECH EXPERTS: RBS is not alone in putting a small scouting team in Silicon Valley, which lured around a third of fintech investment in 2013, far above the 13% invested in Europe, according to Accenture.
LONDON: Hoping to link with tech entrepreneurs and get ahead of a wave of digital innovation, Europe's top banks are setting up multi-million dollar investment funds, hiring scouts in Silicon Valley and hosting "speed dating" sessions.
Financial technology, or fintech, is shaking up the sector, allowing savers and borrowers to bypass traditional banks with smartphone apps and websites for loans, payments and all areas of financial services.
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