"Fintech Disruption

By: Hessel Gerard

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eBook | 30 November 2023

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The banking industry is an intermediary group that bridges the distance between savers and borrowers. When you deposit your cash right into a financial institution, it is not merely saved in a vault ready to withdraw it later. Instead, the financial institution uses a giant element of those deposits to lend to individuals, groups, and governments looking for loans. This technique of recycling deposits into loans is the cornerstone of the banking industry.