There’s a new report suggesting that banks need to seriously consider innovating, if they don’t want to hand over their business to tech companies. The report, entitled "Are Banks Losing The Innovation Game?", was released by financial regulatory framework compliance experts, Neopay. It is based on a poll of 2,000 UK adults on their experience with high street banks and tech companies. Here’s the deal: the younger audience would rather trust a tech company with their e-money than a bank. Now, knowing that eCommerce is rising fast, it’s time for banks to start reacting, even faster. Almost half (41 percent)… [Continue Reading]