Banks could end up beholden to online platforms with reach

Source: This post is based on the article “Banks could end up beholden to online platforms with reach” published in Livemint on 30th August 2021. Relevance: Disruption in the banking sector by tech giants. Synopsis: Deposit mobilization through Big Tech apps might weaken banks. Contents1 What has happened?2 Significance3 Implications4 Global examples5 The present scenario… Continue reading Banks could end up beholden to online platforms with reach

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