Will Banks Lose their Monopoly to Fintechs?
Jul14

Will Banks Lose their Monopoly to Fintechs?

With PSD2 and Open Banking coming into play, the call for banks to reinvent their business models has never been more urgent, says Paul Bowen, Banking Lead, Avanade Europe In 1994, Bill Gates famously and controversially predicted that banks would be dethroned and displaced as technology propelled the world forward. “Banking is necessary. Banks are not”, he declared provocatively. But as the Second Payment Services Directive (PSD2)...

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