Visualizing the New Normal in Banking

“Many commentators predicted that 2020 would be the “year of the fintech” as truly digital banks began to redefine the customer experience. But, since the onset of the pandemic, leading challenger banks have seen a significant drop in app downloads. In the UK, Monzo, Revolut and Starling saw app downloads decline 18% -36% in March. Although incumbent banks still face challenges, it seems likely that customers are keeping their money where they feel it is safest – with traditional banks, which have built customer trust over many years.”

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