FinTech Global: Are Startups Ready For Big Tech Entering The FinTech Space?

Excerpt from the article:

Against this background, big tech taking an interest in the industry is easy to understand. “The increased interest of large tech companies in the FinTech space only serves to affirm the significance of the sector itself,” says Ellison Anne Williams, founder and CEO of Enveil, the cybersecurity company that has found itself on both the RegTech100 and CyberTech100 lists in the last year. “Big firms don’t focus on sectors where they don’t see longevity and the potential for significant growth.”

She argues that big firms have also recognised that “FinTech technologies need to be integrated and part of an organisation’s broader efforts, especially in cross-functional areas like compliance and security.”

“Many of the big players already have large footprints within financial service firms so they are the in a position to be leaders in terms of integration and consolidation,” Williams continues.

Read the full piece at FinTech Global.