In the last twenty years, the world has experienced a gradual, persistent shift towards digitization. This has impacted many industries, leading to an increase in entrepreneurial opportunities and the adoption of innovative systems for doing business.
Digitization in a mostly conservative industry like the banking sector is evident in the rise and prevalence of fintech startups. Startup firms and multinational technology companies have been hugely successful in developing new digital innovations that have reshaped the business activities of traditional banks.

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The digitization of financial products brought about by the creation of more user-friendly applications and customer-oriented service has increased pressure on traditional banks to modernize their core business services and..More..https://alabiansolutions.com/blog/fintech-banks-role-in-reshaping-the-financial-service-ecosystem/