Fintech

The tech banks are coming for your lunch

For the likes of Google, Amazon, Facebook and Apple, creating a financial platform could be quick work

The tech banks are coming for your lunch
Photo: iStockphoto

Has the commoditisation of the banking sector already begun?

With Facebook picking up e-money licenses in Ireland and Spain, and Alipay partnering with payment providers across Europe, the US and Asia, it seems as though the first “Tech-Bank” is soon to become a reality.

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