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Have Banks Arrived at the Party Too Late?
In a series of interviews with Finextra, a leading independent newswire and information source for the worldwide financial technology community, EPAM’s Balazs Fejes, SVP, global head of financial services business unit, discusses critical changes and struggles that the digital revolution has brought to banking.
The most competitive firms recognize that the future of customer engagement and product delivery lies in the application of software to enable more efficient and cost effective offerings. In this episode, Mr. Fejes looks at the explosion of financial services start-up firms who are challenging banks in a number of their core business areas and asks whether banks acceptance of software as the future driver for change has come too little, too late.