Tagged banking

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FinTech boom could lead to 1.7 million banking staff cuts, predicts Citigroup

In a recent report titled ‘Digital Disruption’, the US global investment bank Citigroup forecasts that the growth of the current FinTech boom will lead to European and US banks cutting 1.7 million jobs by 2025. The 112-page report investigates the advances and investment in the current FinTech market and calculates…