Goldman Sachs claim there are three factors at work in the banking sector currently that are shaking up the market, fuelling the growth in FinTech and challenging traditional banks  especially in China, India and South America

1.Transitioning from offline to online banking. Living in a digital world, more and more customers aim to have full digital control of money matters. However, there are still conventional customers that side on the more personal approach of interactions at a bank.

2.Placing trust in digital platforms. Over half of the public in the United States feels positive about trusting finances to a Fintech company, rather...