The banks are gearing up against the threat of disruption. At the FinTech Festival at Fusionopolis in late 2016 (above), 23 financial institutions showcased their fintech labs and innovation centres to visitors.
BT FILE PHOTO
IN cash-abundant Silicon Valley, there is a myth that any college dropout with a hoodie and a half-baked idea can raise venture funding. They are young and limitless. They aren't biased by industry norms and so can freely reinvent the world as we know it.