Banks beware – crowdfunding is here (and here to stay)
Something quite remarkable is going on in the world of finance, in the form of the disintermediation of traditional financial services providers. As such, the internet and changing behaviours and attitudes are revolutionising the way in which consumers access traditional financial services; for example, fewer people use bank branches because of online banking; more people now wish to bank with more modern ‘challenger banks’ and many - perhaps even the majority of people - buy their basic insurances via the internet using comparison websites.
‘Crowdfunding’ is another such area where the status quo is being replaced – and perhaps even enhanced – by internet-based models and changing attitudes and opportunities.
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