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New report out from the World Economic Forum identifies Big Tech, not FinTech, as the greatest disruption threat faced by the Financial Services sector. In "Beyond FinTech: A Pragmatic Assessment of Disruptive Potential in Financial Services" the authors note that the partnership between banks and large technology companies risks becoming one-sided rather than reciprocal, as financial institutions increasingly rely on Big Tech firms for their most strategically sensitive capabilities, but can only offer their ongoing business in return.


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