He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%.

Anthony Jenkins, former CEO of one of Barclays, the UK's second biggest bank in assets after HSBC has predicted an "Uber-like" disruption from the Fintech sector to come crashing down on the current banking industry.

"[I'm] a passionate believer in the transformative power of technology. It is an unstoppable force, which often has a hugely positive impact in the way we live and work."

Noting that the current banking industry and financial services have not always delivered its side of the bargain for the functioning of a healthy society, he added:

"I'm predicting that over the next 10 years, we will see a number of very significant disruptions in financial services -- let's call them Uber moments – driven by companies in the Fintech sector."

Jenkins was giving his speech titled - Approaching the 'Uber Moment' in Financial Services', at the Chatham House, the Royal Institute of International Affairs in London, which is an independent policy institute.

He stated:

"We will see massive pressure on incumbent banks, which will struggle to implement new technologies at the same pace as their new rivals [from the Fintech industry]. That will make it increasable challenging for them to deliver the returns and profitability that their shareholders demand."