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Sun 22 Dec 2019 11:18 AM

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Video: How is innovation dragging the region's banks to the 21st century - Fintech

Fintech is one of the business world's most popular buzzwords.

It is referred to as the integration of technology into products offered by financial services companies in order to improve their use and delivery to consumers. But what does this really mean?

A lot of banks and financial institutions are still using technology developed at the end of the last century, so how are companies involved in the fintech sector embracing innovation in order to stimulate these improvements and push the banking sector into the 21st century?

In order to find out, we speak to the head of Finastra, one of the largest fintech service providers in the world.

(Source: Arabianbusiness.com YouTube channel)