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Macquarie suggests tech threatens $70b in revenue at banks like Commonwealth – The Australian Financial Review

Macquarie says fintech disruptors are attacking the banks from every angle, including home loans, payments, consumer lending,…

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Almost $70 billion of annual revenue shared by the big four banks is under threat from fintech competitors in retail and business banking, according to Macquarie.
It was a matter of time before Afterpays tie-up with US payments giant Square means it challenges…

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