The development of new financial technologies, such as financial apps, help Singapore become the fintech capital of Asia.
Fintech firms challenge legacy banking and its core functions like payments, lending, investing, assessing, scrutiny, money transfer, and advising.
Mergers and acquisitions remain slow in the U.K. Yet, innovative investors in the fintech and media industries have capitalized on Brexit opportunities.
The banking industry knows the importance of being on mobile. Many players have developed apps and sites to help them dominate the mobile banking space.