Fintech could take 24% of bank revenue: PwC

Of more than 1,300 financial industry executives polled by the professional services firm, 88 per cent said they feared their business was at risk to standalone financial technology companies in areas such as payments, money transfers and personal finance, the study found.

In banking specifically, consumer services such as personal loans were seen as most at risk, according to PwC’s annual Global FinTech report.

Read the full story at reuters.com