Answered step-by-stepThe fintech phenomenon has a disruptive impact to how financial...
The fintech phenomenon has a disruptive impact to how financial services are being offered by
banks and the financial industry. Fintech companies have changed the way how financial
services are delivered to the masses and it has spawned the creation of many start-ups. It was
reported that $108 billion have been invested in H12022 to finance the growth of the fintech
companies 1.
Discuss and describe the role of banking in the economy. What are the challenges that are faced
by banks in the provision of financial services and how do they mitigate them?
Make good uses of examples, statistics and events to augment your discussion.
Answer & Explanation
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sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia
sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipisc
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