The Barron’s, Reuters and Daily News Egypt articles discuss the digital transformation of the banking and Fintech industry. For years thought leaders have been writing about the need for people and governments to embrace this digital transformation. The current pandemic has changed the way people handle financial transactions. Traditional organizations need to quickly adjust.
Consider Porter’s 5 forces as it pertains to the recent changes in banking and Fintech. Select one and discuss how you see it has changed recently for the banking and Fintech industry. What impact does this have on the traditional players and their need to respond? If you were able to advise a leader in one of the traditional players (JP Morgan Chase, Wells Fargo, Citibank…) what advice would you give?
Be sure to reference any information sources so others can review in APA format with in-text citations.1,000 words.
Here are the article links:
https://www.mindtools.com/pages/article/newTMC_08….
https://www.barrons.com/articles/why-walmart-could…