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“Banks are dinosaurs, they can be bypassed” – Bill Gates Q2 2021 hedge fund letters, meetings and extra Fintech is these days the largest competitor of banks, and it is successful the fight. While the standard banking trade grew through a median of two.7% between 2016 and 2021, fintech grew through 25% in keeping with yr. That’s right down to the truth that fintech firms perceive maximum issues that banks are suffering with, together with networks, distribution, decentralization, knowledge, and buyer enjoy. To no marvel, Gartner predicts that 80% of conventional monetary corporations will both pass bust or be r…

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