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Fintechs tipped to drive next phase of digital banking shift
The government, through the Finance Bill 2023, has made a landmark proposition to incentivize startups and transform the fintech space. FILE PHOTO | POOL
Banks and financial technology (Fintechs) firms have been tipped to deepen collaborations as customers continue to disrupt traditional models of banking.
Speakers at the seventh edition of Connected Banking Summit themed Accelerating Digital Inclusion and Sustainable Transformation said banks and fintechs will increasingly become collaborators as opposed to competitors to build digital banks.