Automation is the Silver Bullet in Competing with Banks

Writing in TechCrunch, Tally CEO Jason Brown talks about the key to competing against the banks as they try to re-enter markets they left after the financial crisis; Jason points out that after the 2008 financial crisis the banks moved out of areas they perceived to be more risky; this move allowed an entire fintech ecosystem to be built; with the advent of new technology, in particular AI based technologies, fintechs can now offer services in a frictionless environment; in recent years banks have started to move back into this space and are offering similar services; intelligent automation is the key to stay ahead of what banks are trying to do, without it fintech will find themselves at a big disadvantage. Source.