Madiston News

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What do the Banks Make of the Digital Revolution?

altfi.com

"We often see the alternative finance industry pitched as a direct threat to the banks – but do the banks themselves feel threatened?

The answer – according to a new survey from Swiss banking software company Temenos – is yes. But it's not just alternative finance platforms that have shaken up the financial world. Temenos surveyed 198 senior banking professionals from across the globe. 23% of these respondents consider massive online companies like Amazon and Google to be their greatest threat – whereas only 20% thought that of rival banks."

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