Fintech Disruption: Old vs New Intermediaries
Professor Peter Szilagyi, Associate Professor of Finance, MSc in Finance Faculty Director
Technological innovation by fintech startups is fast changing the world of financial services. The global fintech market now stands at USD500 billion a year, and is estimated to threaten 10-40% of retail banking revenues and 20-40% of profits by 2025. What is the appeal of fintech disruptors, how are they breaking down traditional business models in banking and finance, and what will be the consequences for financial services going forward?