• The head of innovation at $483 billion insurance giant John Hancock shared an anecdote about a fax machine to highlight the gap between fintechs and finance giants

    5 monthes ago - By Business Insider

    John Dorval, head of innovation at insurance giant John Hancock, said startups and financial firms could do a better job of working together more efficiently.
    One issue is around startups lacking an understanding of the underlying issues financial firms face, despite having technology capable of offering a solution.
    Large financial firms, meanwhile, could do a better job cutting down on the red tape involved with testing fintech products.
    The growth of the financial technology sector has exploded in recent years as startups look to solve problems for large, slow-moving financial firms in...
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