Big banks have had numerous shots fired across their collective bows in the continuing clash with FinTech startups that have become upstarts. Now, it appears the grapeshot is starting to find its mark, at least in the United Kingdom.
A new study of more than 1,000 decision-makers at SMEs in the U.K. has found that a strong majority of small to mid-sized enterprises prefer conducting business with FinTech firms than with the traditional lenders, especially when it comes to getting foreign exchange transactions done.