Fintechs Are No Threat to Banks — But Amazon and Alibaba Are

The biggest #threat for the banking sector is not #fintechs. No, according to a recent report by McKinsey, that would be non-banking companies such as #Amazon and #Alibaba. The report refers to these companies as “platform companies” and calls them the “new heavyweight competitor(s) in town,” for the banking sector. Based on information gathered from […]
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