Neobanks vs Incumbents
Small businesses are facing a difficult decision, such as stick with the trusted, old-guard or make the jump to something new. It is this dilemma that, even with conservative migrations, will see Neobanks continuing their meteoric rise in the financial services industry. Readily available APIs make it easier than ever to integrate core banking features […]
Neo Banking- Dos and Don’ts
The recent years has witnessed a major drift in the banking and financial industry with digitization and the ever growing use of the mobile technology. With the customers are also embracing the digital means of financial services by moving away from the cash handed out physically to the digital currency. They are comfortable in digital […]
Will Neo banks break the monopoly of the traditional banking systems?
A gradual loss of monopoly is being experience by the banks as there are these new players arriving to the game, born from the digital transformation. To win back their title these banks need to adopt new strategies to face these new challenges and compete with the developing market. The development of technology and the […]
BANK STRATEGIES TO COMPETE NEW DIGITAL PLAYERS
Professor Catherine Karyotis from NEOMA Business School states that, banks need to develop new strategies in order to compete the developing market with new challenges from the new players born from digital transformation, who are causing a gradual loss in banks monopoly. There have been many upheavals within the banking community that needs drastic transformations […]