Fintech to have greater impact on retail banking in GCC

Fintech to have greater impact on retail banking in GCC

The financial technology (fintech) revolution that is sweeping across the banking and financial services industry across the world. Dubai: The financial technology (fintech) revolution that is sweeping across the banking and financial services industry across the world is likely to disrupt the retail banking business in the GCC while the overall impact on balance sheets and bank ratings is going to be minimal in the near future, according to rating agency Standard & Poor’s (S&P). “Technological innovation in the financial sector is a global trend, reaching developed and developing economies alike. We believe that fintech could reduce the profitability […]