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  The Big Picture: What's the future of banking? 

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Fintech and platform-based competitors are eating into the market that used to be dominated by a few major international banks.

Click on the interactive graphic below and compare the strengths of traditional banks relative to Big Tech and Fintech entrants. Track the disruption over the next 3-5 years. See who's most affected by the updated EU Payment Services Directive (PSD2). And check out which Big Tech firms are offering complementary financial services around the world.

Should you go for the low-hanging fruit or is it time to up your game?

Alternatively, download the graphic as a PDF.

Source: Based on presentations by Jorge Soley, including during the 15th Banking Industry Meeting held at IESE Madrid. Also, "How large is the disruption in banking?" by Xavier Vives, published in IESEconomics, and his paper "Digital Disruption in Banking," published in the Annual Review of Financial Economics (2019).
This article is based on:  The Big Picture: What's the future of banking?
Year:  2020
Language:  English