Fintech might be hot right now, but banks are still winning

Banks are still way out in front, but FinTech is on the improve in Australia…

The term “fintech” – the marriage of financial services with technology companies – has only recently come into vogue in Australia, with venture capital starting to flow into the sector. It was only around October 2014 that the term fintech started to appear in Australia’s mainstream media – rather late given it was just two months later peer-to-peer lending platform LendingClub listed on the New York Stock Exchange.

Source: Fintech might be hot right now, but banks are still winning