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Why banks and FinTech startups need each other more than ever

Amy Neale, vice president and senior business leader at ‎Mastercard, explains why banks and FinTech startups need to work closely together.

It’s sometimes hard to believe the iPhone was launched a little over 10 years ago, paving the way for a smartphone revolution where it seems we have ported our entire lives onto mobile.

With 10 billion connected devices in the world today – expected to rise to 50 billion by 2020 – this is only going to accelerate. This is likely to change commerce more in the next five years than it has in the last 50.

The opportunity is vast and truly exciting to be part of. And of course, change is being fuelled not just by existing players in the ecosystem, but the rise of new entrants is more rapid than ever before....