TechCrunch recently published an article on the role of startups and banks in the United States’ economy. Written by Rebecca Lynn and entitled “Startups and the Un-Banking of America,” the article explains how business will continue to be taken from banks by financial services startups.
An excerpt from the article:
“…it’s not hard to imagine that a majority of the people in the U.S. could be “banking” with startups, in one form or another, in the next three to five years. It’s been happening for some time, but the pace and volume of business taken away from banks by startups in the last few years have been significant — and this trend will continue to grow.”
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