internet giants pose existential threat to banks: bis chief /

Technology giants such as Amazon and Alipay pose an existential threat to traditional banks,Bank for International Settlements chief Agustín Carstens said. Carstens, who took charge of the central bank umbrella group a year ago, or said the enormous amounts of data that expansive internet companies gather on their customers meant they potentially have advantages over […]

Source: ejinsight.com