How banks are facing the digital disruption?


The business model have changed for banks.  A combination of factors, mainly regulatory and technological, have generated, according with a study from Forbes, four new entrants:

1) challenger banks that want to create digital-only, interactive banks;

2) nonbank payment institutions that target a specific service,

3) ) credit intermediation platforms that match borrowers with savers,

4)  big tech firms, such as Google, Apple that are targeting a range of banking services

But questions remains…   How affected are banks so far?

How about their revenues?

How about profitability of the new entrants?