M&A activity expected in a non-bank sector on the lookout for 'disrupters' as costs, and competition from 'predatory banks', increase

By Greg Elisara. Posted 17 December 2014.

Finance company, building society and credit union bosses are concerned about the potential for new entities to win business off them through using a combination of technology and big data, KPMG says. In its annual non-banks Financial Institutions Performance Survey (FIPS), KPMG says a key theme on the mind of executives surveyed is the potential threat of a "disrupter" entering the market and the subsequent impact on their businesses.