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Vedomosti

How will financial technology change banks' strategies?

How will financial technology change banks' strategies?

Traditional banks may lose their role as key players in the global financial system as they compete against financial technology vendors and IT giants, such as Amazon, Apple, Facebook and Google. The key question is, who will control client relations? Bain reviews four key scenarios of the banking industry evolution, as the Russian financial system will inevitably follow one of them.

  • August 17, 2016
  • min read

Article

How will financial technology change banks' strategies?

Traditional banks may lose their role as key players in the global financial system as they compete against financial technology vendors and IT giants, such as Amazon, Apple, Facebook and Google. The key question is, who will control client relations? Bain reviews four key scenarios of the banking industry evolution, as the Russian financial system will inevitably follow one of them.

(Full article only available in Russian)

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