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Fintech

Bank bosses lament ‘time wasting’ fintech startups

From unstable balance sheets to wasting senior executives’ time - working with fintechs is not straightforward and the risks are huge

Bank bosses lament ‘time wasting’ fintech startups

Many financial technology firms are not offering banks the innovative products they need to bring their systems up-to-date, while partnerships can fall at the first hurdle because of the risks of working with young companies.

That was the message from senior banking executives speaking at City and Financial's RegTech: A Practical Guide to Harnessing the Benefits for the Compliance Function conference in London on May 16.

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