Bank Fees are Getting Squeezed in the Face of Regulation and New Competitors, Putting 5% of Revenues at Risk, Accenture Report Finds

NEW YORK, LONDON and HONG KONG; March 10, 2020 – Incumbent banks are at risk of losing billions of dollars in retail revenues in the next three to five years, as new competitors draw customers with no-fee banking services and regulators in select markets mandate simple banking fee structures to protect consumers, according to a new report from Accenture (NYSE: ACN).

from News | Accenture Newsroom https://ift.tt/2W17N5f




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