Utilising several of the new waves of disruptive technologies such as big-data analytics, artificial intelligence (AI) and cloud computing, neobanks across the world are fundamentally transforming the very notion of banking. And given the restrictive impact that the coronavirus pandemic is having on the global population,
For years the banking industry in the UK was dominated by a handful of big banks. But that’s changed within the past six years, as new spinoff challenger banks have muscled into the arena; lying somewhere in between traditional banks and fintechs, technology-oriented challengers are sure to drive the industry into unchartered territory.