Industry News

Payments News » The Future of Banking Is … You’re Broke

“The latest wave of tech-based financial startups have a new angle on the banking sector: They’ll assume that everyone is out of money, then try to monetize their brokeness. So-called neo-banks , or challenger banks, have been all the rage in Europe and Australia for the past few years. Now they’re starting to get attention here in the US, with names like Chime, Varo, SoFi, Current, GoBank, and even—heaven help us— booyah! . Yes, the exclamation point is part of the name. Like Yahoo!. Cutting edge, I know.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *