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Why are fintech companies winning big in banking and finance

The unique combination of rapid technological developments, shifting societal demands from banks as Gen Z takes up banking, and the still large untapped market of 1.7 billion financially excluded people has set a perfect stage for fintech companies and neobanks to emerge as winners in the financial sector. Not only can fintech service providers give more access, they are also able to use data to play into the needs of consumers better than their legacy competitors.

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