EU watchdog says some banks too plodding to win fintech race

FILE PHOTO: A European Union flags flutters outside the EU Commission headquarters in Brussels, Belgium June 20, 2018.

LONDON (Reuters) – Banks saddled with bad loans risk being left behind by nimbler upstarts and Big Tech in the rapidly evolving fintech race, the European Union’s banking watchdog said on Tuesday. The European Banking Authority (EBA) looked at the risks and opportunities from fintech and its impact on the business models of long established […]

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