Will More Banks Now Embrace Fintech?

It has been fascinating to watch both the banks and fintechs react to the coronavirus; many fintechs have created side projects to better help their customers while there has been little in the way of similar offerings from banks; AltFi reflects on some of the other differences between banks and fintechs including whether banks will start to look more into cloud systems and offering employees laptops; Fintechs on the other hand have had to make less adjustments as they were already prepared to work from home; we may also see more banks finally going away with in person meetings for account openings and opting for digital onboarding; in March 2020, Monzo, PayPal and Barclays were the most downloaded financial apps, up 20% from the year prior. Altfi

Notify of
Inline Feedbacks
View all comments