Written by Jenn Day | Jul 11, 2024 8:11:06 PM
Read The Finanser article here.
Here is a brief summary:
- The UK led the digital banking revolution with Monzo, Starling, Wise, and Revolut.
- Traditional banks are catching up by incorporating features from these challengers.
- The consumer retail banking market may be saturated, but there are opportunities in SME, B2B, private, and commercial banking.
- LoopFX, a new fintech, is disrupting the $7 trillion daily FX trading market with its PeerToBank matching protocol.
- Despite perceptions, digital banking innovation is only 1% complete, with significant potential remaining in non-consumer sectors.