In 2021 Banks Must Change The Way They Are Perceived Or Risk Being Disintermediated

With the rise of digitally native brands like Apple, Facebook, GooglePay, Acorns, and Robinhood, we see a systemic change in the way brands are disrupting the financial ecosystem. The companies that are going to survive this disruption already have, or are quickly building, a more modern architecture. We anticipate the marketplace to look a lot different in three-to-five years than it does right now. Banks and asset managers will either consolidate or, in some cases, they’ll enter zombie status. We’re also starting to see an uprising in non-financial players in this market. Q3 2020 hedge fund …

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