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Fintech firms forcing local banks to innovate, says Scotiabank VP

The growth of financial technology (fintech) companies is forcing local commercial banks to innovate, evolve and incorporate the latest financial services technology, Scotiabank Vice President and District Head for the Caribbean Roger Archer said yesterday. “Neobanks are entering the financial services space, which means they’re doing business that we would traditionally do,” said Archer, who was a speaker at Bahamas

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