Is FinTech taking over the banking industry? Should the big banks be worried? How do the regulators affect FinTech? Tracy Byrnes spoke with U.K.-based Iam Bank CEO Lee Travers to get answers.
FinTech - a.k.a. Financial technology- is the evolving intersection of financial services and technology. And Iam Bank is a great example of that. The US site will launch later this fall and will offer digital tools along with learning algorithms that will help consumers make better decisions. In addition, Travers has a special interest in understanding the consumer's mental health to make better financial conclusions.