{"id":13352,"date":"2019-07-24T06:51:45","date_gmt":"2019-07-24T06:51:45","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13352"},"modified":"2019-07-24T06:51:45","modified_gmt":"2019-07-24T06:51:45","slug":"fintech-small-business-solutions-pushing-traditional-financial-institutions-to-modernize","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/fintech-small-business-solutions-pushing-traditional-financial-institutions-to-modernize\/","title":{"rendered":"FinTech small business solutions pushing traditional financial institutions to modernize"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">FinTech startups are creating a wide range of solutions for small businesses by targeting the pain points small businesses face in the world of finance, resulting in a direct competition with traditional financial institutions. Now, traditional financial institutions are starting to understand that they need to modernize if they are to keep up. To accomplish this, many traditional financial institutions are choosing to develop partnerships with FinTechs rather than try to compete directly with them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><span style=\"font-weight: 400;\">Such partnerships not only help traditional financial institutions become more relevant in a digital world, they are also providing legitimacy and further funding opportunities for FinTechs. In these partnerships, FinTechs provide technical expertise and business experience while the financial institutions offer deeper capital channels and credibility. This natural partnership aligns the previous competitors to provide the best possible services to underfinanced small businesses across the globe.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13352 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Detoxing from the Digital Transformation Hype'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/detoxing-from-the-digital-transformation-hype\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/07\/ee90120f-4a89-0a54-f3c9-3488e020f42e1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16744\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16744'>\n\t\t\t\tDetoxing from the Digital Transformation Hype\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The future of physical bank branches'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-future-of-physical-bank-branches\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/close-up-of-messy-table-with-co-workers-background_1098-2912-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8856\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8856'>\n\t\t\t\tThe future of physical bank branches\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Chatbots \u2013 customer service that boosts data security and combats fraud'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/chatbots-customer-service-that-boosts-data-security-and-combats-fraud\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/11\/chatbots-customer-service-that-boosts-data-security-and-combats-fraud-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14038\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14038'>\n\t\t\t\tChatbots \u2013 customer service that boosts data security and combats fraud\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>FinTech startups are creating a wide range of solutions for small businesses by targeting the pain points small businesses face in the world of finance, resulting in a direct competition with traditional financial institutions. Now, traditional financial institutions are starting to understand that they need to modernize if they are to keep up. To accomplish &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[49,141,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13352"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13352"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13352\/revisions"}],"predecessor-version":[{"id":13353,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13352\/revisions\/13353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13368"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}