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 A quarter of bank revenue may be lost to disrupters: PwC

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RR Phantom

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A quarter of bank revenue may be lost to disrupters: PwC Vide
PostSubject: A quarter of bank revenue may be lost to disrupters: PwC   A quarter of bank revenue may be lost to disrupters: PwC Icon_minitimeMon Mar 14, 2016 7:44 pm
Incumbent banks throughout the world are bracing for the loss of almost a quarter of their revenue to financial technology disrupters during the next five years, a global survey by PwC has found.

A quarter of bank revenue may be lost to disrupters: PwC 1457983407035

PwC's global fintech report, published on Tuesday, finds 95 per cent of bankers believe at least some of their business will be given up to fintech players in the coming years. PwC's Asia Fintech leader, John Shipman, said he was surprised the number wasn't 100 per cent.

"Almost all of the financial services clients I've spoken to acknowledge that fintechs either now or very shortly will have the ability to disrupt the majority of their business," Mr Shipman said.

Read more: http://www.smh.com.au/business/banking-and-finance/a-quarter-of-bank-revenue-may-be-lost-to-disrupters-pwc-20160314-gnidpm.html#ixzz42vLep7PI
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