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HOW BANKS IN EMEA CAN THRIVE AMID ECONOMIC UNCERTAINTY

July 02, 2020 | (10:00)
USA (United States of America)
SHARESHARESHARE
For an incumbent bank, digital transformation has become a herculean task in an age saturated with technology. Traditional banks and lenders are now required to embrace unpredictability, maintain agility and digitise to the core. This signifies the need for a new approach to banking. But what drives consumers to choose a neobank? Badly served by their existing banks, neobanks are a tempting alternative for customers who require branch-less digital or mobile application functionality, budgeting and saving tools, quicker and easier loan approval for their businesses and low-cost international transfers and ATM withdrawals.