Retail banking may lose 55% of business to fintech: report1 min read . Updated: 04 Aug 2017, 06:49 AM IST
The report notes that much more needs to be done by Indian firms and challenges such as non-uniform connectivity and scarcity of skilled personnel need to be tackled
The retail banking sector could lose up to 55% of its business to fintech firms if it does not up the ante in terms of investment in digital transformation, according to a new study titled ‘Enterprise Digital Transformation: Evaluating Indian Enterprises’, brought out jointly by research firm Frost & Sullivan and software lobby body, Nasscom.
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