Google scares Aussie banks – Business – News

 

 

Google could be the biggest threat to the big four banks because of the trust online users place in it and its ability to engage with customers, according to banking executives. Credit: Darren Pauli/ZDNet AustraliaManagers from Commonwealth Bank, Westpac, GM Bank, Rabobank and Spain-based Bankinter chaired a panel discussion where they were challenged by members of the financial sector on their apparent slack innovation efforts.RaboDirect general manager Greg McAweeney told an audience from the finance sector in Sydney last week that companies such as Google and PayPal are more responsive and trusted than banks.

via Google scares Aussie banks – Business – News.

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