How Traditional FIs Can Meet the Rising Challenge of Digital-Only Banks
One needn’t look far to see that neobanks and other types of digital-only banks — the upstarts in financial services — have altered retail banking. These numbers tell part of the story: Chime: 13.1 million U.S. accountholders Current: 4.0 million Aspiration: 3.0 million Varo: 2.7 million But there’s more: The five-year projection from 2021 to […]
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