 "Fintech")
The humdrum business of helping companies pay suppliers and collect funds from customers has turned into a battleground between banks and technology upstarts, with $250 billion of revenue at stake, according to Oliver Wyman.
Fintech firms such as TransferWise Ltd. and Revolut Ltd. are capturing market share from the banks that once had a stranglehold over the wholesale payments and cash-management industry, the consulting firm said in a report on Friday.
While high costs for building and maintaining payment platforms previously kept competitors out, advances in
