Water Cooler Talk

So you think digital banking is done?

UK innovators like Monzo and Revolut have driven digital banking forward, prompting traditional banks to adopt similar features. While consumer retail banking may appear saturated, significant opportunities exist in SME, B2B, private, and commercial banking. LoopFX is disrupting the $7 trillion daily FX market with its PeerToBank matching protocol. Despite perceptions, digital banking innovation is still in its early stages, with immense potential for future advancements across various financial sectors.

Jenn Day
Jul 11, 2024

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.
Water Cooler Talk

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