We can already witness this type of cooperation today when tech companies present themselves to customers as service providers, while the settlement side of transactions is carried out by established financial institutions. Payments and credit platforms are two such cases in point. This leaves us with scenario five: disintermediation.
In this scenario, established banks are no longer relevant market participants and nor are they replaced by new banks, because the intermediary role of traditional credit institutions is simply no longer needed. Here, innovative technologies take on the task of connecting end customers with each other directly.