China’s internet finance sector has taken off in recent years. But as competition heats up and growth inevitably cools, the battle between fintech attackers and incumbent financial institutions will get more intense.

In this podcast, Nick Leung discusses this topic with Joe Ngai and Xiyuan Fang. Joe and Xiyuan are Partners who lead McKinsey’s Financial Institutions Practice in China. Nick is Managing Partner of McKinsey’s Greater China Practice.