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ET Financial Inclusion Summit: Banks and fintech startups can t do without each other
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Last Updated: Jul 16, 2021, 07:19 AM IST
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Earlier tech collaborations were happening at the backend; the new age financial services are also about innovation of frontend services which opens up collaboration opportunities, said Anjani Rathor the chief digital officer at HDFC Bank.
Agencies
Traditional Indian banks and newage
fintech companies will have to co-create in order to build an inclusive financial ecosystem where digitisation of consumer economy is fast evolving as the defining trend of the times, said a panel of top bankers and fintech experts. While legacy financial institutions have digitised their interface as well as operations, the emergence of fintech startups have made it necessary for incumbents to accelerate the pace of digital transition, they said at the ET Financial Inclusion Summit.
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