Tech companies could disrupt financial industry

People would gladly take banking services from tech companies such as Google, Amazon or Facebook, a new survey has shown. According to a new Europe-wide study by Fujitsu, the digital transformation keeps disrupting the financial industry, and if traditional service providers fail do adapt on time, tech disruptors will step in. For the poll, Fujitsu asked 7,000 consumers about their interaction with banks and insurers. Traditional payment is still the most popular, with 44 percent of consumers reporting using it, but 32 percent have already embraced mobile devices as payment services, 22 percent are using wearable devices, and 20 percent… [Continue Reading]