|
Fintech expert calls for a reevaluation of a Digital Bank concept claiming it should not have more than 10 employees if fully digitalized
The rise of innovative technologies in finance naturally sparked an interest in digital banking. No wonder it has become a catch-all thing - while the competition in disruption is quite intense, many traditional banking institutions are currently attaching themselves to the idea of a digital bank in order to look more modern. Many new electronic money licence holders are going after potential customers who prefer the quick and convenient approach through digital applications also referring to their services as digital banks. But are they really digital banks?
The term digital bank is commonly used to...
|