Why fintech barbarians aren't at investment bank gates (yet)

Unicorns are already taking down retail banking. The investment side will be tougher to crack, but start-ups are looking for weak spots – with retail IPO distribution in their sights.

Why fintech barbarians aren't at investment bank gates (yet)

“We are not disrupting your world ... yet.

That's the message fintech players sent to investment bankers in a discussion in Hong Kong on Monday that brought the two worlds together.

Financial technology is already having a stark impact on the retail and commercial banking segments with the rise of mobile payments, internet-based finance and trade digitalisation. Banks could lose up to 60% of retail profits to nimble fintech firms by 2025,...

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