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The Fintech Threat to Banking: A Solution From MIT

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In the next 10 years, 30 percent of banking jobs could be obsolete, according to a recent Citi GPS  report.

This statistic from Citigroup’s report makes an assessment of the potential impact of fintech on the global banking industry. It echoes the concerns of former Barclays PLC Chief Executive, Antony Jenkins, who referred to the position of consumer banking as being “in an Uber moment” that would lead to rapidly accelerating job losses.
Read more on the following link: The Fintech Threat to Banking: A Solution From MIT

Source: Nasdaq

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