A wave of startups is changing finance — for the better
The fintech firms are not about to kill off traditional banks. Nonetheless, the fintech revolution will reshape finance—and improve it—in three fundamental ways.
First, the fintech disrupters will cut costs and improve the quality of financial services.
Second, the insurgents have clever new ways of assessing risk.
Third, the fintech newcomers will create a more diverse, and hence stable, credit landscape.