Report: Outside fintech growth could cost banks $280B in payment revenue
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Monday, Sep. 16, 2019, 03:13 PM
Auto Fin Journal Staff
NEW YORK, LONDON and HONG KONG -
As fintech developments germinate from outside firms, a new report from Accenture showed how much these new solutions could impact banks. Accenture said as much as 15% of banks’ global payments revenue, or $280 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, […]