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3 ways fintech companies can help retailers launch financial services

November 17, 2021

3 ways fintech companies can help retailers launch financial services

Two of the country’s largest retailers, Walmart and Walgreens, recently announced they are launching their own financial services.

The pandemic has resulted in a shift in consumer behaviour that now favours contactless and digital banking options, and with one in four U.S. adults considered unbanked or underbanked, this presents a chance to offer services to a deep and loyal customer base.

But as the pandemic has forced even traditional retail banks to rethink their business model, launching a financial service isn’t as simple as taking a successful retail model and applying it to banking. It needs to be both effective and secure. This is where fintech can step in.

As more and more retailers make this move, partnering and collaborating with fintechs can help them build, scale and safeguard their financial offerings. Building infrastructure and providing first class cybersecurity is at the core of what we do, not the sideshow. And the best way for retailers to attract, gain and retain clients and do so in a meaningful way that adapts to the current ecosystem is to start focused, scale rapidly and keep safe.

Important Links:

Professional Diploma in Digital Marketing: https://tscfm.org/courses/professional-diploma-in-digital-marketing/
Professional Diploma in Banking and Financial Services: https://tscfm.org/courses/professional-diploma-in-banking-and-financial-services/

Tags:

BankingBanking and Financefintechglobal Financial Services

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