Fintech challenger banks remain far short of conquest, and questions are beginning to arise among knowledgeable observers about whether the would-be conquerors are quite as formidable as predicted. That may seem like a bit of good news for the thousands of traditional financial institutions nervously glancing over their shoulders at the oncoming invaders. But there is a continued squeeze on legacy financial institutions — smaller institutions in particular — from trends hitting both sides of the balance sheet. The Fintech models at the moment are going to struggle to be profitable. Ultimately these guys will either need huge scale at relatively low margins or they’ll have to build more of a traditional balance sheet model where they build the assets and liabilities and make the spread off of them.
NOTE: By Clicking in the “MORE” Link You Will be Leaving CardBuzz or Sites Owned and Operated by Ruebud Media. While CardBuzz Carefully Selects Articles Published by Established and Credible Sources We Are Not Responsible for 100% Accuracy of Third-Party Content. Any Opinions Offered within the Content Are Solely by the Source and not CardBuzz or its Affiliates or Partners.
CardBuzz Focus Areas: e-commerce; m-commerce; m-wallets; biometrics; cryptocurrency; artificial Intelligence; blockchain; fintech; fraud; NFC; POS; NFC; EMV; P2P; credit cards; debit cards; charge cards; prepaid cards; cross-border; cybersecurity; processing; consumer banking; loans; debt; insurance; mortgage; investing; saving; debt collection; sub-prime; consumer confidence; business confidence; investor confidence;
OTHER RELATED SERVICES:
PYRPTS (global payment reports)
PYVNTS (global payment events)
BankCenter (payment news releases)
CardFlash (payment executive news)
CardTrak (consumer payment news)
CardData (quarterly payment data)
CardBuzz is a Division of Ruebud Media, Inc.
#fintech #accenenture #GAFA #legacybanking #bankassets #balancesheet #starlingbank #AtomBank #Monzo #Revolut #WeWork #FirstRepublic #BostonPrivate #TexasCapital #Walmart #Marcus #KKR