Banks Will Disappear Unless They Harness Fintech: Former Barclays CEO
Anthony Jenkins, the former chief executive officer of Barclays, said banks could become irrelevant if they fail to keep up with new fintech technologies, according to CNBC. He said digital ledger technologies offer efficiency savings between $80 billion and $100 billion. Jenkins, who was ousted from Barclays in 2015, created 10X Future Technologies in 2016. He said…