Dan Schulman: Financial Services Change

Posted by admin on Wednesday, October 4, 2017

PayPal CEO Dan Schulman Money Quote saying digital remittance services and mobile technology are combining to democratize the finance industry to serve the less affluent better. PayPal CEO Dan Schulman said:
There's going to be more change in the financial services industry in the next five years than last 30 Quote

“There’s going to be more change in the financial services industry in the next 5 years than there’s been in the last 30” — Dan Schulman


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Dan Schulman is predicting that the financial services industry will undergo rapid and significant changes over the next 5 years compared to the past 30 years. He’s suggesting that new technologies like mobile banking, cryptocurrencies, peer-to-peer payments and other digital innovations will revolutionize how consumers and businesses manage their money, make payments and access financial services.

This pace of change will be much faster than the more gradual evolution the industry experienced in previous decades. His view is that in just a few short years, the landscape of banking, lending and related businesses will be dramatically transformed by emerging digital disruptions.

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