“The British Bankers’ Association’s recent recognition of the need to regulate Google Wallet and Apple Pay should be seen as a sign that we’re starting to see a fundamental shift in banking. Not just the latest tech fads, these innovators (and others like them) have emerged as serious challengers to the high-street banks. They’re significantly disrupting the status quo within the industry by using a ‘digital-first’ approach that has the potential to fundamentally change the way consumers manage their money.”
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