Finding Harmony Fintechs Vs Banks Rivalry Or The Perfect Collaboration

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Finding harmony: Fintechs vs. Banks - rivalry or the perfect collaboration?

ri-calendar-2-lineSep 8, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Axis Bank's MD & CEO, Amitabh Chaudhry, shared his perspectives on the fintech vs. bank debate during a discussion at the Global Fintech Fest on September 6. He offered valuable insights into the evolving financial landscape.

 

Chaudhry stressed the importance of adaptation, innovation, and partnerships for banks to thrive. While regulations can act as a protective "moat," he cautioned that their effectiveness has a shelf life.

 

Recognizing the competitive challenge posed by fintech, Chaudhry highlighted the key ability of fintech firms, 'to blend innovation with financial products precisely tailored to customer needs'.

 

Notably, Chaudhry pointed out a shift in fintech strategies following regulatory changes by the Reserve Bank of India. Fintechs have come to realize that regulations are not roadblocks but integral to their operational models.

 

Today, compliance and regulations play starring roles in fintech business models. Fintech firms are swiftly adapting to align with these requirements, recognizing that long-term viability hinges on compliance.

 

In this evolving landscape, traditional banks have an opportunity to leverage fintech strengths while embracing regulatory compliance. Chaudhry underscored that fintechs could be partners, rivals, or even strategic collaborators.

 

As the fintech vs. bank debate continues to shape the financial industry's future, Chaudhry's insights illuminate a path forward, where adaptation and innovation coexist with regulatory adherence, defining the contours of tomorrow's financial world.

 


 

Related News

News Thumbnail
Business

PSP Projects secures lowest bid for Dharoi Dam region project

1 mins read. November 6, 2023 at 09:23 AM

News Thumbnail
Business

Bata strikes deal with Authentic Brands Group for Nine West

1 mins read. November 6, 2023 at 08:43 AM

News Thumbnail
Business

Shakti Pumps secures 7th patent for Waste Water Pump innovation

2 mins read. October 31, 2023 at 07:03 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions