Financial innovation and riding the fintech wave
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Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.
Technology , Fintech , Financial technology , Banking and lending
Mahomed, Z., & Ramadili Mohd, S. M. (2016). Financial innovation and riding the fintech wave. CIAWM Bulletin, 2 (2016), pp. 9-12.