Shamayun Miah

In the last several years, the financial services industry has changed dramatically. Historically, banks were hostile to technology. "If we were to have this conversation five years ago, I would have told you that the banks view fintech as a very much us against them - anything they do is something that we could do," says Peter Tapling, a fintech and payments specialist. Fintech businesses were viewed as potential rivals that may steal their business. Today's financial institutions, on the other hand, are enthusiastic about fintech. Tapling, who spent 15 years as the CEO of authentication provider Authentify before consulting with various financial services firms, believes the sector is "shifting a lot" and that financial institutions are eager to collaborate with fintech firms to offer new services and enter new markets. When it comes to the reasoning for this, Tapling discusses the challenges that enormous businesses have when launching new bank projects. &quo