The sleeping giants of finance have awoken to find the landscape not as it once was. The days where their size meant market security and customer loyalty are long gone. Customers want faster responses and personalised care and in the financial services sector, where speed and security are crucial, collaboration differentiates companies. Unburdened by legacy systems and old-school culture, FinTechs have leveraged new technologies to rapidly respond to customer demands and well-established financial services players are waking up to a reality with two options: partner up and collaborate or fall behind.

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