For the last few decades, banks and the finance sector had been working on a similar, highly static model and were earning huge profits while being negligent of consumer issues and paying no heed to their sorrows. The banking and finance sector had no competition. They almost enjoyed the monopoly which made them indifferent and stale.With the new disruptions in the technology sector, all of it is beginning to change. The banking and finance sectors get challenges from newer and aggressive players and are facing difficulties in surviving. The banking and finance sector is no longer the same old slow chap anymore.
