2023/11/09 ยท
2 months ago
Bank Consolidation 2030
"The 4th Industrial Revolution is poised to reshape the banking landscape, rendering many traditional banks and credit unions obsolete in the face of the emerging financial economy. The widespread adoption of Fintech, Decentralized Finance (Defi), and Smart Contracts will usher in a new era, causing the traditional banking system to become outdated and experience a decline in growth. The formidable capabilities of Defi will challenge traditional banks, making it increasingly difficult to balance overhead costs against profits, ultimately leading to further consolidation in the banking sector."
Remember the picture below as we will see more and more bank consolidations heading into 2030 with bank closures on Fridays as part of the financial rituals.
**Disclaimer - I am not a financial advisor and this is not financial advice. Do your own research. I do not charge or ask for donations in this repository.**