Banks’ fear of fintechs has (mostly) receded, but banks are still keeping an eye on the new entrants.
In fact, according to a new study by The Economist Intelligence Unit, banking executives expect fintechs to gain the most marketshare in mortgage lending, as well as consumer finance and credit, including car and payday loan products.
The unit surveyed 200 global banking executives to investigate the challenges retail banks face in the years to 2020.
