Answered

IDNLearn.com makes it easy to find accurate answers to your specific questions. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.

All questions are mandatory.

Question 6:
What is the primary difference between fintech and a traditional bank?

A. Traditional banks cater to a broader customer base with various products, while fintech services identify specific gaps in the marketplace and offer limited products.

B. Traditional banks cater to a broader customer base with different age groups, while fintech services target only younger generations with limited products to choose from.

C. Traditional banks cater to a broader customer base with limited standardized products, while fintech services provide products that are unique and difficult to replicate, creating a monopoly in the market.

---

Bookmark for review
Submit

Sagot :

GinnyAnsweridn

Final answer:

Traditional banks cater to a broad customer base with standard products, while fintech services offer unique and innovative products targeting specific market gaps.


Explanation:

Fintech and traditional banks differ primarily in their approach to offering financial services. Traditional banks cater to a broad customer base with a range of standard products, whereas fintech services target specific gaps in the market with unique and innovative products that are often difficult to replicate, leading to a more individualized and specialized service offering.


Learn more about Difference between fintech and traditional banks here:

https://brainly.com/question/29316077


We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.