Banks fight back against fintech startups

Banks are suiting up with new software. Battle tactics include partnering with the enemy, buying proven technologies, and giving every banker an innovation grade.

Banks fight back against fintech startups

Bankers played table football and stuck multi-coloured Post-it notes on a wall during one of the hackathons conducted by Singaporean bank DBS last year.

It is part of a growing trend as bankers around the world are prised out of their day jobs into such software workshops, to be lectured by Silicon Valley entrepreneurs and told the way they work will radically alter as their platforms go digital.

DBS is shifting faster...

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