Traditional FIs Need to Launch Digital-Only Standalone Banks to Compete, Citibank Report Says

Bank brands

Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into …Read More

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