Still, banks won’t go away according to the Geneva report. “While the financial landscape will continue in radical transformation for the consumer, we believe that banking at large will remain a business conducted primarily by government-chartered and regulated entities, including many incumbent banks,” says Tara Rice, a co-author of the report. “But for banks to succeed, they will have to embrace technology, partner with tech firms, meet customers’ expectations and maintain their trust.”
Read more on link forbes