Why Technology Is The New Threat To Banks 10 Years On From The Financial Crash 

This year marks the 10th anniversary of the financial crisis –  and the beginning of increasing public distrust towards the industry. August 2007 saw Northern Rock customers flocking to withdraw their savings in fear of the bank going bust, the collapse of Lehman Brothers, and the bailout of Royal Bank of Scotland and Lloyds/HBOS to the tune of tens of billions of pounds of British taxpayers’ money. But is the future any brighter for the banks right now? Well, something pretty spectacular is about to happen to the banking sector, in the form of PSD2.

Sourced through Scoop.it from: www.huffingtonpost.co.uk

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