Tech watch: Staley says all the banks are very focused on the payments space. — Bloomberg
LONDON: Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc and Apple Inc, according to chief executive officer Jes Staley.
“There are some tectonic shifts going on, driven by tech and the geopolitical environment,” Staley said during a panel discussion last Saturday at the annual meeting of the Institute of International Finance in Washington.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
