The areas of banking that are more likely to be substituted by non-banking players are hard to predict, says DTCC. In the US, the proportion of investment in collaborative fintech companies has grown from 37% in 2010 to 83% in 2015. While a few fintech champions have started amassing balance sheets that rival those of traditional financial institutions, their effect on the banking industry has not been wholly negative. Founded four years ago, the US$165-billion (5.38 trillion baht) Yu'e Bao is the biggest player of its kind, after surpassing JP Morgan's US government money market fund in the first half of 2017. It is larger than the next 10 money market funds in China, two of which are controlled by ICBC, the world's largest bank by assets.

Source: Bangkok Post December 04, 2017 22:41 UTC