How much do finance incumbents stand to lose tech disruptors? A lot, according to Goldman Sachs. Over $4 trillion in addressable revenues and $470 billion in profit at traditional financial services companies is at risk of being disrupted by new technology-enabled entrants, says a recent report by the Wall Street giant. The investment bank took an in-depth look at what it calls the “socialisation” of finance and analysed the potential growth of what it sees as the main sectors benefiting from the changing times: crowdfunding, wealth management, payments and lending. It defines the “socialisation” of finance as the impact of technology and changing behaviour on financial services markets. (Why miss an opportunity to brand something?)

http://thetally.efinancialnews.com/2015/03/fn-fintech-focus-much-finance-incumbents-stand-lose-disruptors/