Open Banking and Digital Disruptions: Would Retail Bankers be Losing their Jobs?

Maruf Gbadebo Salimon
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Maruf Gbadebo Salimon: Department of Marketing, Universiti Utara Malaysia, Malaysia

Annals of Social Sciences & Management studies, 2019, vol. 4, issue 3, 90-91

Abstract: In 1990, Bill Gates argued that banking is necessary, but banks are not. This statement that was made almost three decades ago seems to be the reality of recent events in the landscape of banking and payment industry. The reality is almost done on retail bankers especially that the payment system is becoming open and highly liberated. In Europe, specifically, banks are faced with enormous threats due to the rapid and widespread changes which are ushered in by the digital disruptions that might take away the jobs of the traditional bankers.

Keywords: juniper publishers; social sciences journals; social anthropology; social policy; journal of social science; social and political science journals; journal of social science; open access; juniper publishers reivew (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:adp:oajasm:v:4:y:2019:i:3:p:90-91

DOI: 10.19080/ASM.2019.04.555639

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