There is a fundamental strategic contradiction between technology and finance.
Some investors point out that the financial industry is two industries move at different paces. Rohit Arora believes that Fintech is going to be around for a long time. He argues that large banks are investing in technology to allow for digital loan applications, which demonstrates that fintech is becoming more mainstream.
Market realities encourage short-term thinking.
Arora argues against the connotation that the grow at all costs mentality of fintech firms will kill it. The nature of capitalism is that innovators enter the marketplace and others follow. The well run companies will survive while others will die. The fintech industry is similar to other industries the nature of survival.
Incumbents in the market are powerful and resistant to change.
Big banks have no choice but to change the way they do business. The marketplace demands it through the use of smartphones and going online for everything one needs. Large banks are and will continue to invest in fintech companies.
With everything moving online and mobile, their is a high demand to enable online applications for small business loans. Fintech is not going anywhere.
https://www.forbes.com/sites/rohitarora/2017/02/22/3-reasons-fintech-is-thriving/2/#6af355d3552d