Technological innovation has transformed the way consumers pay, businesses accept payments, and how institutions serve clients. However, we are still surely in the early innings of technology's impact on the banking sector. As platforms such as PayPal, a division of eBay (NASDAQ:EBAY), change the way consumers think about their financial lives, are traditional banks increasingly in trouble?
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the impact of technology on the future of the banking sector and one bank that can withstand the onslaught.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends American Express and eBay. The Motley Fool owns shares of Bank of America, Citigroup, eBay, and JPMorgan Chase. 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.