If they survive, the big four banks will look very different at the end of the coming decade. So will the industry structure for providing financial services.
The trigger of the looming disruption? The data revolution. It will blur what it means to be a bank, and may even render the term an anachronism.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
