Bank accounts could disappear within 15 years according to one of Deutsche Bank’s most senior execs

Marcus Schenck, co-head of investment banking at Deutsche Bank source Reuters One of Deutsche Bank’s most senior executives said that bank accounts could be obsolete within 15 years. Marcus Schenck, Deutsche’s co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking sector is rife for disruption, “There’s a thesis that at some stage in 5, 10, 15, 20 years – who knows – accounts will disappear, and be replaced,” he said….

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