Wall Street is assigned the task of analyzing risk when it comes to global markets and financial instruments. But the rise of FinTech is causing the banking industry to be at the highest risk of disruption of any industry, according to a three-year study by Viacom’s Scratch. The consulting firm’s study also found that differentiation is crucial for millennials, with 53% saying that they don’t think that their banks offer anything different and nearly 33% saying that they are open to switching banks in the next 90 days.
For more on this story visit the following link: Banks Face New Tech Expectations From the Young and Digital Crowd
Source: The Street