Facebook’s launch of Libra – its new digital currency – and Alibaba’s new joint-venture with Vanguard has raised the stakes within the financial sector.
Cambrian Consulting is conducting an anonymous survey to determine the impact on traditional financial services firms. As well-funded FinTech start-ups continue to innovate lending, payments, investment management and financial planning solutions, BigTech (Amazon, Facebook, Google and Apple) are also exploring how to disrupt legacy financial services firms by deploying cloud-enabled AI, blockchain and crypto solutions. Will these technology rebels succeed or will the Empire strike back?