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Digital Disintermediation of Banks

Digital Disintermediation of Banks

With Bitcoin, Robinhood, Lending Club and other fintech startups attacking the financial services sector, banks can’t survive, said Lynn. “They’re too big to fail, and frankly, they’re just too big to compete.” While they won’t go away entirely, “what I see banks becoming is just a completely commoditized product. They’re at the end of the value chain.

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