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How Banks Can Continue to Profit and Grow in Today’s Market

Fintech presents big opportunities for banks to drastically cut costs and stay ahead of market and regulatory challenges, Broadridge’s Tim Gokey tells CNBC.

As growth in the Asia-Pac market slows, and challenges mount, there is still opportunity for financial institutions to increase revenue — they just need to be nimble enough to adopt new technologies quickly and early.

With higher cost pressures, regulatory changes and other challenges, disruption could be around the corner. Financial institutions need to be nimble enough to coopt new technologies that can help them stay ahead of it. In particular, fintech can help firms add efficiency and cut costs in the back office so they can invest on the front end to help consumers.

Broadridge President and Chief Operating Officer Tim Gokey sat down with CNBC to discuss the topic.