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By Olivier Renault, Managing Director of Societe Generale Bank Trust, in charge of Securities Services and Country Manager Societe Generale Securities Services
“FinTech” comes from the contraction of Finance and Technology. Although the word may be new, the finance sector has been innovating for decades, especially in terms of information technology, mathematics or robotics. Two emerging trends, however, may help explain why FinTechs are beginning to make the financial sector tremble. The first game changer is the inception of new players in the market who are threatening to compete with banks in certain areas of the business. The second fundamental trend is the acceleration of the technical innovations. The speed with which the world is changing means...
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