Regulation and Compliance
January 16, 2025
LONDON, Jan. 09, 2018 (GLOBE NEWSWIRE) — Antoniella Gauci, Risk Manager at Pilatus Bank, compares the continued investment in fintech to a life insurance policy for banks. Gauci argues that banks without a robust fintech strategy are operating in a vacuum and lack the competitive edge to survive in today’s highly volatile financial services industry. Traditional banking models built on competitive product pricing and the convenience of a branch network are no longer sustainable. Customers are expecting more than just a banking product from their banks; they want an experience which benefits and simplifies their day-to-day lives whilst guaranteeing the same level of security as traditional banking.
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