The ‘Overbanked’ and the Threat to Bank Profitability

By Brian Buckingham, 2016

american banking journal.png

 
 

 

If you think fintech and the new hyper-connected environment have transformed banking, just wait.

According to Citi, digital disruption affected only 1.1 percent or $9 billion of U.S. consumer banking revenues in 2015. But this is expected to increase to 10 percent, or $105 billion, in 2020, and 17 percent, or $203 billion in 2023.

Read the full article  news-icon

Original article can be viewed here.