Fintech Firms Upend Traditional Banks’ Foothold in Emerging Markets

Within emerging markets, fintech firms are now competing in a space once dominated by traditional banks, providing service to unserved or underserved consumers. New, lower-cost banking models have displaced older business models and given consumers who’ve been previously excluded from traditional banking systems access to new services. For example, when Brazil-based fintech firm Nubank set [...] The post Fintech Firms Upend Traditional Banks’ Foothold in Emerging Markets appeared first on ETF Trends .