Erkki Raasuke, CEO of Luminor, the new joint bank of Nordea and DNB, said that the banking sector in the next five to seven years may change considerably, as in the future traditional banks may turn into hybrids of banks and fintech companies.
"It is clear that what has brought us here will no longer move us forward. The traditional business model of the banking sector will soon no longer work. It is possible that there will be some kind of a hybrid in the future -- positive things from both fintech companies and the banking sector will be adopted. Traditional bankin...
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