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Fintech

HSBC and Barclays bosses talk fintech disruption

Douglas Flint at HSBC questions motives of new finance firms, while Barclays' Antony Jenkins eyes opportunities

Douglas Flint (left) and Antony Jenkins
Douglas Flint (left) and Antony Jenkins

Leaders of two of the UK's biggest banks have spoken out about the opportunities and uncertainties created for their businesses by the rise of disruptive financial technology.

At two separate events on Tuesday, HSBC's chairman Douglas Flint questioned the objectives of fintech companies, which he said were creating a "revolution" in banking, while Barclays' chief executive Antony Jenkins outlined how his bank is tackling the "challenge" posed by transformational technology.

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