The role of Big-Tech: Facebook to take on financial services industry
Almost six in ten consumers who are looking to move to a new primary financial institution (or would consider doing so) are open to Big-Tech companies. They continue to expand their ability to distribute and offer financial products and services; making them a significant competitor to traditional consumer-facing financial institutions. But to what extent? And, what competition to they pose to traditional financial institutions. Let’s here from Facebook today on where they feel their role is going in the financial services industry.