The growing presence of fintech is forcing banks to rethink their business models. Banks are allying themselves with technology providers in varying arrangements to improve financial products, operating efficiencies or both. According to academics Lars Hornuf, Milan F. Klus, Todor S. Lohwasser and Armin Schwienbacher, the pace of modernization has consequences for each party in a technology collaboration. getAbstract recommends this timely analysis of the banking industry’s digital transition to financial professionals.
About the Authors
Lars Hornuf is a finance professor at the University of Bremen. Milan F. Klus and Todor S. Lohwasser are research associates at the University of Münster. Armin Schwienbacher is a finance professor at Université Lille.