Financial technology start-ups have seen “increasing maturity” in recent years, said Sreeram Iyer, chief operating officer for institutional business at ANZ.
That means the start-ups are more able to work with banks, he said.
There are now more “adequately mature” financial technology start-ups that can help banks with corporate clients, according to an executive from Australian banking group ANZ.
Fintech firms have for years changed some of the ways that banks operate, particularly in serving consumers. But recently, those start-ups have made some headway into the corporate banking space too.
“A few years ago, when I started dealing with fintechs, it was quite hard to find adequately mature fintechs who have business options for corporate banking and institutional banking business which I’m a part of,” Sreeram Iyer, chief operating officer for institutional business at ANZ, told CNBC’s Matthew Taylor on Thursday…