The rapid innovation of financial technology or “fintech” holds enormous potential to reengineer the payments space. And with investment in the sector soaring at an astonishing rate, fintech reach is only expected to grow.
For Mexican publication Revista Fortuna, Margaret Guevara, Head of Sales and Relationship Management for Mexico and Central America, BNY Mellon Treasury Services, discusses how banks can adapt to client behaviour and expectation by becoming actively involved in fintech innovation. By working with fintechs and clients to develop new tools and practices that could encourage a wider applicability of digital-based solutions, such as blockchain technology and digital currencies, banks can become firmly immersed in the fintech scene and ensure technology’s true potential is integrated into global payments.
The full article can be read here (Spanish).