Hungary: Factors disrupting financial technology in 2021

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(The Daily News Hungary)

The financial service industry is experiencing mixed reactions—introducing digital services and the current Covid19 adjustments.  The Majority of the traditional banking system is merging the new technologies to fit their services.  

The disruption is both positive and negative to the banks as many customers prefer the new money transfer methods. It a positive impact as it will help revolutionize the whole financial service system as years go by.

Fintech is the new digital finance transformation disrupting the financial market.

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