Last December, Euromoney wrote of the threat posed by automation to those who make their livelihood from the primary debt capital markets. An industry drive for lower cost and greater efficiency is coupling with regulatory pressure for transparent allocations to make change inevitable.
Innovative mechanisms are now popping up that threaten the traditional methods of borrowing money. Disintermediation is suddenly all around, whether it is Uber’s no-banks loan or Verbund using a new online platform in March for its latest Schuldschein.
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