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Financials

BRIEF-‍Moody's says new financial tech firms and payment platforms unlikely to displace existing consumer electronic payments landscape​

Oct 11 (Reuters) - Moody’s:

* Moody’s says new financial technology firms and payment platforms are unlikely to displace the existing consumer electronic payments landscape

* Moody’s says large tech cos could pose significant threat, especially if they set up proprietary payment networks that bypass existing payment paths

* Moody’s says while technology innovation poses long-term threat to current payment ecosystem, expects system to be resilient, adapt to digital demands Source text for Eikon:

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