Home » General World News » Banks are right to fear tech giants (AAPL, AMZN, GOOGL, FB)

Affordable Business Search Form On Various Famous Websites...

Loading
Compare Hotels rates & Flight tickets prices from 100+ top booking sites at once..., Check the prices & save up to 80 %..., Click to find cheap, affordable travel offers, new deals campaigns... >>> www.travelkinds.com

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

Reasons for using tech giants as banks

This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here.

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

Comments are closed.