FinTech could signal the end of universal banking as we know it

The current Governor of the Bank of England, Mark Carney, has engendered much respect from the land of Fintech. An unabashed supporter of the potential for financial innovation to improve financial services for all, Carney has periodically addressed the subject of Fintech with pointed speeches. Today, speaking at the Deutsche Bundesbank G20 conference on “Digitising finance, financial inclusion and financial literacy”  in Wiesbaden – he must have rattled a few traditional banker types in the crowd. Carney predicted that Fintech could, in time, “signal the end of universal banking as we know it.” Read more: