In recent years, an increasing buzz has emerged on FinTech and its related components. A few of our financial institution clients find this to be exciting and innovative, eagerly embracing the opportunity to work in this developing field. However, the majority of clients find themselves in varying stages of skepticism and perhaps even annoyance at this subtle threat of disruption to business as they know it. While technology has a place in a community financial institution’s strategic planning and risk management process, FinTech considerations have probably not been front and center in that process.
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