TECHNOLOGY
“ For those who have never had a cheque book or needed to go into a branch to deposit physical money , the notion of three business days for something to clear is completely alien ”
CECIL EDWARDS GPS estimates that up to 1.7 billion people globally do not have access to an account of their own . As a result , the emergent term within discussions around DeFi sees its examples championed by those in favour of how it stands to enable access among users who don ’ t transact via traditional bank accounts , now commonly referred to as the ‘ unbanked ’.”
Disruptive trends driving change in fintech Perhaps the only thing that is certain within the swiftly developing space of fintech is the fact that disruption in many shapes and forms will continue to change the financial services and banking industry . David Murphy , Head of Financial Services EMEA & APAC at digital business transformation consultancy , Publicis Sapient , refers to Neobanks as being “ the North Star '' of disruptors over the next 18 months and says they will likely grow in popularity , adding new customer experiences and offerings along the way .
112 May 2022