The sharing economy has grown significantly in recent years, facilitating innovation, job growth and more choices for consumers. It started with taxis and hotel rooms, but will financial services follow soon?
Or has it already begun?
In this third instalment of the RSM Mega Trends series, we explore emerging competition with fintechs and how the recent passing of the "open banking law" would affect consumers' banking experience.
Mega Trends (Part 3) - |
Mega Trends Part 3:
The Australian population has never been more disgruntled with the banking industry and therefore, this creates opportunities and emerging competition with fintech type offerings.