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2018 | OriginalPaper | Chapter

2. What’s the Point of Banks?

Authors : Sofie Blakstad, Robert Allen

Published in: FinTech Revolution

Publisher: Springer International Publishing

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Abstract

In this chapter, we review the alternative financial solutions emerging to challenge the services offered by traditional banks and question whether the utility of banks is waning, or whether banking as a concept needs to change. We run through the key services now offered by banks, describing the alternatives that are emerging and how these new services are likely to impact traditional banking. We consider the immediate, future and long-term challenges to traditional banking and how likely these are to present a threat.

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previous chapter Ecosystem vs Egosystem and Revolution vs Evolution

next chapter The Death and Resurrection of Capital Markets

Title: What’s the Point of Banks?
Authors: Sofie Blakstad
Robert Allen
Publisher: Springer International Publishing
Book: FinTech Revolution
Print ISBN: 978-3-319-76013-1

Electronic ISBN: 978-3-319-76014-8

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-76014-8_2