Will Fintech innovations render traditional banks useless

Virginia Backaitis
4 min readNov 23, 2022
Coconut Grove bank nearly demolished

As technology improves how financial services are being delivered to customers — and their value — new research has found that 74 per cent of Americans would switch from their bank to safe and more cost-effective digital fintech (financial technology firm) services. The same research also found that one in two Americans believe their bank fees are too high, while one in five believe banks…

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