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Firms ‘lagging in FinTech strategies’

Bahrain Business
Fri, 10 Nov 2017
Avinash Saxena


MANAMA: As emerging technologies disrupt traditional financial services value chains, many institutions are lagging in implementing effective strategies, according to a new report from KPMG. The report titled ‘Forging the future: How financial institutions are embracing FinTech to evolve and grow’ found that banks, insurers and asset management companies believe technologies like artificial intelligence, blockchain and the Internet of things are redefining the very nature of financial services.