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Once a sliver of the industry, fintechs have created a movement that is redefining financial services on a fundamental level. Leveraging the power of technology, fintechs have challenged traditional products, services, and business models. Asset managers, broker-dealers, banks, lenders, insurance carriers, and all those in-between must consider how they will evolve with technology to avoid the risk of becoming obsolete.
But with changing customer demands, increased regulation, data privacy considerations, and legacy business structures, how can financial services companies overcome barriers and forge a path forward? It starts with understanding your customer and embracing technology.
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