{"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='Banks and fintech companies in \u201cwar for talent\u201d'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-and-fintech-companies-in-war-for-talent\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/businessmen-being-observed_1133-299-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8542\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8542'>\n\t\t\t\tBanks and fintech companies in \u201cwar for talent\u201d\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='4 key lessons traditional financial institutions need to learn from COVID-19'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/4-key-lessons-traditional-financial-institutions-need-to-learn-from-covid-19\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/08\/78eb09e5-737a-4cb9-b84c-84021c27fd8e1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15180\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15180'>\n\t\t\t\t4 key lessons traditional financial institutions need to learn from COVID-19\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Uzbek Muslims can now pay Waqf via internet, mobile devices'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/uzbek-muslims-can-now-pay-waqf-via-internet-mobile-devices\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/closeup-of-a-support-hands_53876-20502-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10817\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10817'>\n\t\t\t\tUzbek Muslims can now pay Waqf via internet, mobile devices\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}]}}