Bruce Packard over at the Lafferty group has an upcoming report on the fintech disruption that's about to hit the traditional banking sector. As he notes, most of the corporations vying for a slice of the action don't look much like traditional banks and many don't even have banking licenses. But they do offer substitute products that have the potential, he says, to harm bank margins. In Packard's view, even though new entrants have been trying to disrupt old banks since the 90s, banks find themselves in a vulnerable position today because their opaque price structures and overall reliance on cross-subsidisation techniques don't necessarily do them any favours when it comes to defending market share

http://www.disruptivefinance.co.uk/?page_id=211