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Excerpt below from: Decoding financial-technology innovation. By Gergely Bacso, Miklos Dietz, and Miklos Radnai.
“Start-ups are eyeing a wider revenue pool across a growing and broader range of products and services.
The next wave of the financial-technology revolution that started only a few years ago has arrived, and this time the impact will be broader. The earlier wave mostly hit payment transactions, which was an easy area to disrupt but represents only 6 percent of global banking-revenue pools…”