Outlook Money Conclave
“Public Sector Banks Should Co-opt
Fintechs For Customer Delivery”
Both old and new players can prosper in a fast-growing economy
P
ublic sector banks can
co-exist with fintech
companies and there was
no need for competition
between the two sides, Rajkiran G
Rai, MD and CEO, Union Bank of
India said while making opening
remarks at the Outlook Money
Conclave 2018.
“The public sector banks (PSBs)
should co-opt fintech companies for
making holistic offers to customers.
This will help them withstand the
growing tribe of unconventional
players,” he said.
“We are a fast growing
economy and there will be space
for everyone to do business and
prosper. Newcomers can grow
without making it a zero-sum