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Banks are right to fear tech giants (AAPL, AMZN, GOOGL, FB)

Reasons for using tech giants as banks

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Incumbent banks have been worrying that the world’s largest tech giants, empowered by a vast reach and immense resources, might eventually eat their lunch.

While the companies themselves haven’t yet made serious forays into banking, new data on customers’ willingness to bank with them suggests the fears are well founded. Nearly a third (28%) of customers in the UK, Germany, Belgium, and the Netherlands said they would consider using banking services provided by companies like Amazon, Google, Apple, and Facebook, a new read more >>>

Source:: BusinessInsider.Com

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