New Research Examines Biggest Threat to Banks

Tearsheet asked 107 financial professionals from traditional financial institutions and fintechs who is the biggest threat to banks in consumer and commercial banking; Amazon was the biggest threat when it came to both consumer and commercial banking; in consumer banking respondents were most concerned about the next 3 – 10 years; challenger banks ranked on par with digital banks started by incumbents in consumer banking but were second after Amazon in commercial banking; Apple, Google and Facebook posed a bigger threat in consumer banking and did not really pose a threat for business banking; one panelist tells TearSheet, “I think the next 3-5 years are crucial for banking to adapt and adopt.” Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!