Will the Uberisation of personal finance exterminate banks altogether?
The next industry to be Uberised will certainly be finance. But which little bits of it? And how far will digital interruption go? It’s a package of questions that everyone involved in the monetary service industry is pondering over, with unsurprisingly couple of clear responses. The specter of Uber interrupting the taxi trade, and Airbnb doing the very same for the hotel business, has actually sent a chill down their spinal columns, however this is just the start. Perhaps huge data will change credit analysis, so that lenders can tell from the information whether a borrowing is likely to repay. If it did, peer-to-peer lending may grow to such a level that the core company of banks would be bypassed completely. You can get financial support here https://www.paydaypixie.co.uk/.