
Mortgage News
Advisers must change: Banking commentator
Sunday 13th of July 2014
A new report from PwC says that by 2025, New Zealand could exist without banks as we know them today.
It says the barriers to entry for non-banks performing “core” banking services are declining and the business models of banks will be challenged.
The cost of technology infrastructure and bespoke systems had dropped to the point where they were not insurmountable to new entrants....
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