Banking Disruption Quotes

Elon Musk with PayPal revolutionized banking.

If I have to tell you what was and is my mission, I think UBS can be the Apple or IBM of the banking industry: companies that went from being admired to severe difficulties and to being back stronger than before.

The changing nature of money is only one facet of the financial services revolution.

In a modern digitalized world, it is possible to paralyze a country without attacking its defense forces: The country can be ruined by simply bringing its SCADA systems to a halt. To impoverish a country, one can erase its banking records. The most sophisticated military technology can be rendered irrelevant. In cyberspace, no country is an island.

Bitcoin will do to banks what email did to the postal industry.

I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'

Rather than worrying about entities, we should worry about the trends in technology that may cause disruptions... if we get so paranoid that banking is no longer going to exist and banks are going to get disrupted, I think that is a different worry.

Software is eating the financial services industry. We have a large addressable market for PayPal to play in.