Banks beware, outsiders are cracking the code for finance – Reuters

Banks beware, outsiders are cracking the code for finance – Reuters

LONDON, Sept 17 (Reuters) - Anyone can be a banker these days, you just need the right code.

Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart (WMT.N) are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance.

For established financial institutions, the warning signs are flashing.