Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Economist in Paris on March 10th 2016.
The Future of Banking was aptly subtitled “Survival of the nimblest” reflecting the current existential questioning about the future of banks, including the notorious too-big-to-fail banks of Europe. Although many of these banks are still is reporting healthy profits (€23 billion in profits for the top 6 French banks in 2015), bank stocks were severely hit during the stock market downturn at the beginning of this year.
