Banks could lose 60% of profits to fintech startups in 10 years
Due to Apple's reach, Apple Pay is the biggest tech innovation to cause fear amongst the financial sector. This new wave of investment in technology has caused Visa to invest in Stripe, a company that accepts mobile and online payments, it is also an Apple Pay partner. McKinsey & Co 's recent banking review estimated that banks could lose as much as 60% of the profits and 40% of revenue to financial technology or fintech startups in the next 10 years. Banks are already having to close/consolidate branches, trim their payroll and streamline their processes in order to stay competitive with the startup companies. TD Bank’s CEO, Bharat Masrani said, “new technologies are raising consumer expectations of what banks do – and how they do it.”

Calling around for quotes with one, two, or fifty providers? No way! We’ve all got better things to do. Thankfully, RATESDOTCA makes it easy.

Spare a few moments from the latest clickbait. Spare a few clicks to compare insurance rates. Pick the one that gives you the best coverage at the best price. And boom – you’re done!

We’re all for the power of comparison because everyone deserves a better rate.