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Bank accounts could disappear within 15 years according to one of Deutsche Bank’s most senior execs





Marcus Schenck

  • One of Deutsche Bank’s most senior executives said that bank accounts could be obsolete within 15 years.
  • Marcus Schenck, Deutsche’s co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking sector is rife for disruption,
  • “There’s a thesis that at some stage in 5, 10, 15, 20 years — who knows — accounts will disappear, and be replaced,” he said.

LONDON — Marcus Schenck, one of the most senior executives at Deutsche Bank, believes that bank accounts as we know them now could disappear in as little as five read more >>>

Source:: BusinessInsider.Com

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