Mohamed El-Erian, chief economic adviser at Allianz SE, writes in Bloomberg View that the Uber model will disrupt finance and describes how that might occur.

Mr. El-Erian’s article begins as follows:

The more I use Uber, the more I am convinced of the transformational power of recent technology innovations, especially when it is intelligently combined with behavioral science and economic principles. Indeed, it is only a matter of time until this potent mix disrupts an increasing number of industries, including certain segments of finance.

Read full article at Uber and the Coming Disruption of Finance – Bloomberg View.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.