Legacy financial institutions are struggling to keep pace with the rapid rise of digital tools and FinTech systems, but consumers aren’t waiting. In the first half of 2023, 47% of new accounts were opened with FinTechs and digital banks, according to PYMNTS. To stay competitive, 65% of banks and credit unions have partnered with at least one FinTech, and 95% use these collaborations to improve their digital offerings.
As an independent treasury strategist, one thing is clear: digital FinTech solutions are the future. Companies that adopt these tools will be better equipped to navigate the evolving financial landscape. If your company is ready to make this change, reach out today for a consultation!
