This house believes your next bank will be a GAFA (Google, Apple, Facebook or Amazon)

The Digital Banking Club Live Debate was held on Wednesday 21st March at the Law Society, London.

The topic for this debate was: This house believes your next bank will be a GAFA (Google, Apple, Facebook or Amazon)”

The discussion points included: 

  • Could we ever see a GAFA applying for a Banking Licence?
  • When humans are still more likely to change spouse than bank account, just how real a threat do they pose?
  • Who is better positioned to leverage the opportunities of PSD2 and Open Banking – the banks or the GAFAs?
  • At what point will the financial institutions fully immerse themselves in services such as Whatsapp, Amazon Alexa, Facebook Messenger and Google Maps as a channels of engagement?
  • What parallels be drawn from the rise of Ant Financial and Tencent in the Far East?
04 May 2018

The Digital Banking Club Live Debate was held on Wednesday 21st March at the Law Society, London.

The topic for this debate was: This house believes your next bank will be a GAFA (Google, Apple, Facebook or Amazon)”

The discussion points included: 

  • Could we ever see a GAFA applying for a Banking Licence?
  • When humans are still more likely to change spouse than bank account, just how real a threat do they pose?
  • Who is better positioned to leverage the opportunities of PSD2 and Open Banking – the banks or the GAFAs?
  • At what point will the financial institutions fully immerse themselves in services such as Whatsapp, Amazon Alexa, Facebook Messenger and Google Maps as a channels of engagement?
  • What parallels be drawn from the rise of Ant Financial and Tencent in the Far East?