NovoPaymemt CEO on Why Banks Will Increasingly Need Fintechs

Talking with Karen Webster of PYMNTS, NovoPayment CEO Anabel Perez said that banks will find it difficult to match the speed of fintech companies in creating new offerings for their customers; traditional financial institutions can use the APIs of banking-as-a-service platforms as one solution to this challenge; the Visa acquisition of Plaid is one example of a traditional FI recognizing that a fintech had a superior solution, in this case for data access and connectivity;  Perez said, “Traditional banking providers cannot accommodate all of their own [customers’] needs. It would take years to deliver and millions of dollars [in investments]. We can provide better, cheaper and faster services.” PYMNTS

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.