One McKinsey consultant wrote:
“Consumer banking is being unbundled — a bank is being broken up into its key activities, and products are emerging which do those key activities better/cheaper than banks.”
Another pundit claimed:
“Thousands of startups are coming in and disrupting the distribution and the experience, and it’s just not possible for banks to survive this transition.”
Oh really? Seems to be that it might just be the other way around — fintech can’t survive without the Banks.
Read more at Financial Brand