Should Google and Facebook be venturing into banking?
Cumps, Bjorn
Cumps, Bjorn
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2020
Journal
International Finance
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Publication Issue
January
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Abstract
The global banking industry is a trillion-dollar industry and technology giants Google and Facebook are making a slow but sure banking and money transfer play. Over the last decade, fintech innovation has disrupted banking and financial services globally to a certain extent. And the rate at which things are changing in the banking industry is only expected to accelerate in the future. Technology is bound to take over traditional banking practices and usher in significant changes in the industry.