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By 2020, consumers could need banking services, but they may not turn to a bank to get them. Or, at least, maybe not what we think of as a bank today. The so-called sharing economy may have started with cars, taxis, and hotel rooms, but financial services could follow soon enough. In this case, the sharing economy refers to decentralized asset ownership and using information technology to find efficient matches between providers.
These Several industry groups have come together to commercialise technology and apply it to real financial services scenarios. they expect this surge in funding and innovation to continue as move from a largely retail focus to include more institutional use.Check Disclaimer on my Profile