The former Group CEO of Barclays, Anthony Jenkins, predicts a future within the next ten years wherein financial technology or fintech will substantially disrupt traditional banking systems and the banking industry as a whole. He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%.
Anthony Jenkins, former CEO of one of Barclays, the UK’s second biggest bank in assets after HSBC has predicted an “Uber-like” disruption from the Fintech sector to come crashing down on the current banking industry.
https://www.cryptocoinsnews.com/ex-barclays-chief-fintech-will-significantly-disrupt-banking-sector/
Topic: [2015-11-27]CCN-EX BARCLAYS' CHIEF: FINTECH WILL SIGNIFICANTLY DISRUPT BANKING.. (Read 217 times)
November 26, 2015, 05:59:30 PM
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