NEXT GENERATION FINANCIAL SERVICES: TECHNOLOGY AND DISRUPTION

“In his latest work about the next generation of financial services, Genovese recognises six prevalent business models that are either already present in the space, or are moving into it:

  • Leading digital commerce platforms, such as Amazon and Alibaba
  • Leading consumer technology companies, such as Apple and Google
  • FinTechs, such as PayPal, Betterment, SoFi, Airwallex and others
  • Digital, virtual, challenger and internet banks, such as WeBank, N26, Revolut, and Monzo
  • Telcos and players from other industries, such as PingAn, OrangeBank, and Gazprombank
  • Incumbents (or “Fincumbents”) which are launching their own digital banks separately – Standard Chartered – Mox as one example
  • Incumbents, who are the traditional big banks accelerating and scrambling to transform and offer new digital and mobile services – JP Morgan Chase, HSBC, China Merchants Bank”

https://www.google.com/amp/s/www.fintechmagazine.com/fintech/next-generation-financial-services-technology-and-disruption-0%3famp

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