The Future of Banking: Could Facebook Become Facebank?
In this segment of The Motley Fool's financials-focused show, Where the Money Is, analysts Matt Koppenheffer and David Hanson discuss some of their favorite Tweets of the day. Among the topics covered are the future of banking and the race for the next Fed chairman.
Spefically, the guys discuss what could prevent today's tech giants from disrupting the banking industry and becoming the center of consumers' social and financial lives. While regulatory hoops surrounding the banking sector could hinder the transformation, the potential convenience and efficiency available to the average consumer may ultimately trump the roadblocks.
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The article The Future of Banking: Could Facebook Become Facebank? originally appeared on Fool.com.David Hanson owns shares of Apple, JPMorgan Chase, and Markel. Matt Koppenheffer owns shares of Berkshire Hathaway, Bank of America, Apple, JPMorgan Chase, and Markel. The Motley Fool recommends Apple, Bank of America, Berkshire Hathaway, Facebook, Google, Markel, and Wells Fargo. The Motley Fool owns shares of Apple, Bank of America, Berkshire Hathaway, Citigroup, Facebook, Google, JPMorgan Chase, Markel, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.