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Time ripe for banks to adopt fintech solutions

As current IT systems creak under increasing demands, new tech will help improve efficiency, increase revenues and capture savings while being supported by govts.

With the expected benefits of fintech adoption accompanied by very real costs, it is time for banks to weigh the balance between the potential costs of action and inaction.

THE financial industry has experienced a decade of change since the global financial crisis upended traditional business models and cut profit margins to the bone. Many banks have slimmed operations and aggressively cut costs.

However, many banks continue to struggle with low...

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