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How big banks can stop FinTech upstarts from getting your money

January 10, 2017

A high-stakes competition is underway between traditional financial services institutions and disruptive FinTech startups.

The Economistreports that more than $25 billion has been invested in financial technology — FinTech — in the last five years, with 4,000 firms challenging banks in just about every product line.  As financial services comprise about $1.2 trillion of U.S. GDP, increased levels of investment are likely.

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