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Tech firms' turn to face regulatory mountain and consumers' ire; financial firms to outperform

The Edge Singapore
The Edge Singapore12/27/2019 07:00 AM GMT+08  • 8 min read
Tech firms' turn to face regulatory mountain and consumers' ire; financial firms to outperform
SINGAPORE (Dec 27): The rapid growth of the technology sector, led by the FANG (Facebook, Amazon.com, Netflix and Alphabet’s Google) stocks, has been dominating headlines and investors’ attention for a decade. Having conquered the wallets and minds of
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SINGAPORE (Dec 27): The rapid growth of the technology sector, led by the FANG (Facebook, Amazon.com, Netflix and Alphabet’s Google) stocks, has been dominating headlines and investors’ attention for a decade. Having conquered the wallets and minds of billions of consumers, they are starting to shift their attention to traditional industries, seemingly threatening to upend the business of banks, for example.

The tech companies claim to be able to provide financial services either more efficiently or at a lower cost. Traditional banks are seen as lumbering old incumbents with their lunch about to be eaten by tech rivals.

Fin beats tech

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