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Are we moving towards a world without banks?

2021-09-13T15:53:08.603Z


DECRYPTION - Jostled by tech, challenged by the followers of decentralized finance, in competition tomorrow by central banks, banks are faced with multiple existential questions.


It may be the second oldest profession in the world, but today it appears as threatened as ever.

The bank has become a playground for digital companies, start-ups determined to become the giants of tomorrow or mastodons.

But beyond this competition, it is perhaps the very foundations of the banking activity that are being shaken up.

• New players

Banking occupies a special place in recent economic history.

The sector was one of the most affected by the bubbling of the first internet bubble at the turn of the millennium.

Back in those days when we talked about portals and AOL and Yahoo!

had to eat the world, the banks seemed doomed to reinvent themselves or to disappear.

The life expectancy of branch networks was apparently counted in months, the future of financial institutions was envisioned by marriages with telecom operators… However, the revolution did not take place.

To the rectifications of borders caused by operations of

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Source: lefigaro

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