In a new report, The Economist takes a close look at the way that bankers see the potential impact that the Fintech revolution will have on retail banks. Author Monica Woodley says that the level of disruption in the banking business in recent years is unprecedented.

According to a survey included in the report, the majority of bankers expect that, by 2020,  retail peer-to-peer (P2P) lending will be available via banking platforms, retail banking will become fully automated and Finech firms will account for more money flow than traditional banks.

About one in five bankers see Apple Inc. AAPL 1.08% and other non-financial companies as a threat to disrupt traditional banking as well.

Banks will be forced…

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