Conclusion
FinTech presents both threats and opportunities for traditional banking firms. This duality has resulted in a cascading effect on other sectors. Operational efficiency is one of the biggest achievements of FinTech, a technology that most traditional firms are lacking. Traditional firms have to demonstrate agility in building, acquiring, and partnering with FinTech firms in order to capitalize on market opportunities. Capgemini's world FinTech report suggests a methodical framework known as discover, devise, deploy, and sustain. With the help of senior leadership commitment and a clear vision, this framework can help traditional firms to compete through the use of this disruption.
