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French banks stem flow of clients to fintech rivals survey shows

Reuters  |  PARIS 

PARIS (Reuters) - French bank customers have become less inclined to switch to a financial technology firm over the past year, a Deloitte survey showed on Thursday, as lenders move to fend off new entrants.French banks such as BNP Paribas and Societe Generale, have sped up investments in so-called fintech, either by buying start-ups, known as "neobanks", or by offering clients new payment methods or online options. German mobile bank N26, Orange Bank, provided by French telecoms giant Orange, or the aggregator app 'Bankin' have all threatened to steal market share from the incumbents.The ...

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First Published: Thu, April 12 2018. 21:27 IST