Banking’s fintech fears

22 fintech companies around the world are now worth more than $1bn and bankers are becoming worried about these upstarts, especially since new legislation in Europe may force them to share precious customer data with their fintech rivals. 
FT Special Reports’ Maija Palmer looks at how banks are scrambling not to be left behind.

Read more: what fintech is going to do to banking


You might like this

Where Does Cash Matter Most? Demonetisation shakes the sub-continent

More and more governments are aiming to phase out cash, ostensibly to curb tax avoidance and criminal activity, while some countries are making leaps and bounds towards a cashless future without a backwards glance. But for the more than two billion people globally still without a bank account, cash remains a vital part of daily life. 
Martin Wolf, chief economics commentator, explains why rapid demonetisation can do more harm than good.

Read the latest news on India's demonetisation here:

Discover more content on the topics that inspire, engage and inform the world we live in today at the FT Channels hub.