The ‘Overbanked’ and the Threat to Bank Profitability
By Brian Buckingham | October 25, 2016
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.