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Title: [2015-11-26] Ex Barclays' Chief: Fintech Will Significantly Disrupt Banking Sect Post by: ezak on November 26, 2015, 07:44:56 PM Ex Barclays' Chief: Fintech Will Significantly Disrupt Banking Sector
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. [I’m] a passionate believer in the transformative power of technology. It is an unstoppable force, which often has a hugely positive impact in the way we live and work. https://www.cryptocoinsnews.com/ex-barclays-chief-fintech-will-significantly-disrupt-banking-sector/ |